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The Bank of England's decision on interest rate cut will be published at 12:00 (BST) on Thursday July 14. The Bank of England is in the spotlight this week because the Monetary Policy Committee (MPC) meets for the first time since Brexit's vote. Since the pound collapsed against the dollar, the doubts about the British Economic Outlook weigh on market sentiment. Governor Mark Carney has suggested that the MPC will announce a new lightening, but there is no certainty about the outcome of the meeting. The Bank will cut rates, will propose new quantitative easing or won't do anything? The decision could have a big effect on the markets, especially on the currency pairs that include the pound and on European equities.
I am new in this market need to learn a lot and need a lot of supports from every where. Anyways just asking what do u mean by target ! and target 2? does it means selling point 1 and selling point 2? if yes which point I can buy?
Thanks
m4riovolp3
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little bit to optimistic... on long term? YES! full agree. But in the next weeks: take a look @dxy
m4riovolp3
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The more power the dollar gets, the lower must GBP vs USD go. Certainly there are speculative reasons, too. In the background and at the moment. Therefore the differences compared to "EUR and JPY" vs. "USD", just to name a few. But IMO, GBPUSD should confirm the level area of 1,31 (+/- 20-pips). Before it continues his rocket trajectory to the orbit. What do you think about that?