Webinar: Bank of England Policy Decision and QIR Updates
In this webinar we discussed how various different scenarios from the UK central bank would give traders a clearer view of asset markets going forward. Of particular interest would be the interest rate voting pattern and the updated UK growth and inflation projections for the next three years. Will the current Euro-Zone economic boom help boost the UK economy as Brexit talks continue?
Other trading topics covered include –
- GBP has faltered of late, pushed lower by a resurgent USD and a resilient EUR. Will bullish sterling traders be given some food for thought?
- An upgrade to UK growth forecasts and any trimming of inflation expectations would give GBP a boost by signaling that the next interest rate rise could be closer than current market thinking.
- The FTSE 100 remains weak in the short-term but a look at the longer-term chart shows this current correction may offer investors an interesting entry point.
DailyFX has a vast amount of updated resources to help traders make more informed decisions. These include a fully updated Economic Calendar, Educational and Trading Guides and a recently released IG Client Sentiment Indicator.
--- Written by Nick Cawley, Analyst
To contact Nick, email him at email@example.com
Follow Nick on Twitter @nickcawley1
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.