EURGBP - Anticipating the BOE Decision
EURGBP - Anticipating the BOE Decision
A few days ago, I posted an analysis on EURGBP, highlighting a strong support zone. Today, we are looking at one of the most significant events of the week: the Bank of England's (BOE) interest rate decision.
The BOE is expected to cut rates by 25 basis points, bringing them down to 4.50%. Currently, the market is reacting against the GBP, pushing EURGBP up along with many other GBP pairs. This is a typical price development when it comes to interest rate changes.
However, the main focus will be on the BOE's press conference, as the Governor's comments and the way the changes are communicated can significantly impact the market. We can expect a volatile day ahead.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
A few days ago, I posted an analysis on EURGBP, highlighting a strong support zone. Today, we are looking at one of the most significant events of the week: the Bank of England's (BOE) interest rate decision.
The BOE is expected to cut rates by 25 basis points, bringing them down to 4.50%. Currently, the market is reacting against the GBP, pushing EURGBP up along with many other GBP pairs. This is a typical price development when it comes to interest rate changes.
However, the main focus will be on the BOE's press conference, as the Governor's comments and the way the changes are communicated can significantly impact the market. We can expect a volatile day ahead.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.