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  • It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different conditions in 2021? Find out from @JohnKicklighter here: https://t.co/1oeXWEsJkb https://t.co/sGNzXICiX4
  • $EURGBP post BoE: https://t.co/LvrBFqfqOm
  • $GBPUSD stabilising after dip on BoE: https://t.co/EwAxuqo8g8
  • So in summary BoE marginally more dovish than expected, and that key word "transitory" is still there. "The Committee’s expectation is that the direct impact of rises in commodity prices on CPI inflation will be transitory."
  • BoE says "CPI inflation is expected to pick up further above the target, owing primarily to developments in energy and other commodity prices, and is likely to exceed 3% for a temporary period."
  • BoE - Staff upwardly revised UK Q2 GDP by 1.5% from May Report BoE - Inflation likely to exceed 3% for a temporary period. GBP/USD falls to day's low of 1.3912 #boe #gbpusd @DailyFXTeam
  • BoE says - bank staff revise up their expectations for UK GDP in Q2 by 1.5% since May report - Inflation likely to exceed 3% for a temporary period
  • Initial reaction in $GBPUSD to Bank of England negative https://t.co/vnngWrp2fk
  • Vote on QE was 8-1, with Haldane dissenting - GBP sold given hawkish expectations heading into the meeting https://t.co/UgjDh0yPwv
  • 🇬🇧 BoE Quantitative Easing Actual: £875B Expected: £875B Previous: £875B https://www.dailyfx.com/economic-calendar#2021-06-24
Top Trading Lessons: Rely on Price Action When Fundamentals Don’t Make Sense

Top Trading Lessons: Rely on Price Action When Fundamentals Don’t Make Sense

David Song, Strategist

Major developments coming out of the US swayed the financial markets throughout 2019 as the Federal Reserve delivered three consecutive rate cuts in response to the shift in trade policy.

Despite the weakening outlook for the world economy, global equity prices traded higher throughout the second half of the year, with US indices like the S&P 500 climbing to a record high.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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