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GBPUSD Comes to Life on BoE Minutes, Currency Market Rate Prone

GBPUSD Comes to Life on BoE Minutes, Currency Market Rate Prone

John Kicklighter, Chief Strategist

Following the surprisingly heavy influence that the Bank of Canada rate decision had on the Canadian dollar and RBA minutes had on the Aussie dollar, FX traders were watching the pound and kiwi Wednesday. The Bank of England's minutes presented the lowest probability of market impact but that only leveraged the pound's climb on a surprising, turn from a key member. In contrast, the New Zealand dollar's recent weakness was checked by an in-line 1Q CPI report. Now, we will turn back to the world's most liquid pair - EURUSD - as traders await the results of the Spanish 10-year bond auction.

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

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