We have quite an eventful day ahead of us today, with two central banks set to announce interest rates. Also, Turkey’s central bank could play its part in today’s potential increase in volatility, as the bank is expected to deliver it new policy on how to help stabilise the fragile Turkish economy.
No surprises are expected from the Bank of England
The first big for today and possibly market-driving news, will be from the Bank of England, which is set to announce their interest rates. As we mentioned previously, at their last interest rate decision, the BoE decided to increase the rate by 25 bps, going from +0.50% to +0.75%, with a 9-0 vote, instead of the 7-2 projected at that time. Today, the bank is expected to keep the rate at...
GBP/AUD – Technical Outlook
The British pound is trading higher this week against the US dollar, but there is one currency that is outperforming the GBP which is the Australian dollar. GBP/AUD, at the time of this analysis, is turning the weekly candle bearish. Also, what is important to mention, is that the pair has now broken...
Turkish Problems Continue
Today, the Turkish central bank is expected to deliver the news regarding their plans on the one-week repo rate, which currently sits at +17.75%. But the bank faces a dilemma, as the...
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