After May’s victory in the parliament yesterday, pound traders are likely to turn their gaze back to monetary policy and the BoE gathering. Expectations are for the Bank to keep interest rates unchanged and if this is the case, investors will be eager to find out how likely a hike at the August meeting is. Besides the BoE, the SNB and the Norges Bank decide on monetary policy as well.
Pound Traders Lock Their Gaze on the BoE
The pound traded higher against most of the other G10 currencies on Wednesday, after PM May won a vote over the Brexit bill in the House of Commons and Lords approved the government’s plan without a vote. The pound lost ground only against SEK, while it ended the day virtually unchanged against USD and NOK. The main losers were NZD, JPY and AUD in that order...
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