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Video: Pound Volatility and Trade Potential on BoE Quarterly Report

Video: Pound Volatility and Trade Potential on BoE Quarterly Report

2014-11-11 23:05:00
John Kicklighter, Chief Strategist
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Talking Points:

• The most market-moving theme for the British Pound is the consensus on rate forecasts

• That makes the BoE Quarterly Inflation Report a high profile volatility and trend candidate

• Tradability, however, is not created equal as GBPUSD, EURGBP, GBJPY are respond to different outcomes Want to develop a more in-depth knowledge on the market and strategies?

Check out the DailyFX Trading Guides we have produced on a range of topics.

There is always event risk on the docket and some of it is high level. However, not many releases can be expected to generate volatility regardless of their outcome. The upcoming Bank of England (BoE) Quarterly Inflation Report is one of those few. For the British Pound, the top market-moving fundamental theme is interest rate expectations. Yet, there are few opportunities for speculators to find a definitive update on where the central bank will head with monetary policy going forward. The Quarterly report affords that opportunity, and the sudden realignment rarely fails for immediate market impact and it frequently revives or turns established trends. So what do we expect with this update? What Pound pairs are best positioned for different outcomes? We focus on this event risk in today's Strategy Video.

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