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  • Pound falls ahead of Bank of England decision

    From theguardian.com

    The pound is dropping this morning, as the City braces for the Bank of England interest rate decision at noon. Sterling has lost half a cent against the US dollar to $1.3068, its lowest in nearly two weeks. Normally you’d expect a currency to rally when interest rates go up. But there may be some anxiety over whether the Bank will actually do the deed today. Traders may also be anticipating a ‘dovish hike’ - the BoE could raise borrowing costs to 0.75%, but hint that the next rise is a long way away. This chart shows how sterling has struggled, even as an August rate hike looked more likely. Laith Khalaf, ... (full story)

That's the trend they were moving to. Price should fall to slightly above 1.30000 then reverse back upwards setting up for NFP tomorrow
Insider dealing as per usual, BOE will not raise!
Quoting sonyclan
Insider dealing as per usual, BOE will not raise!
Huh? Price is doing exactly what its supposed to before an actual raise...its loading up for an upmove.
Everyone can see the chart, but only a few can actually read it.
From$1toMillion EA All Time Return: 56.1%
Quoting sonyclan
Insider dealing as per usual, BOE will not raise!
It would be economic suicide if you raise.
Quoting OnlineAddict
{quote} Huh? Price is doing exactly what its supposed to before an actual raise...its loading up for an upmove.
Don't be too certain! Carney (BOE) is pro european and might engineer a drop in the pound and blame it on Brexit woe's to put pressure on the Government to except a softer deal! Just a theory I'm throwing out there!!
Hike or No-hike, “Weak USD” for the next few weeks ...
Market is not random but unpredictable
Quoting Sanguis
{quote} It would be economic suicide if you raise.
im waiting to go up cable against swiss franc
buy at 1.3017 Gbp/Chf let see are we winner or loser .
Quoting Sanguis
{quote} It would be economic suicide if you raise.
I agree, Carney is an idiot to want to raise rates now.
Quoting sonyclan
{quote} Don't be too certain! Carney (BOE) is pro european and might engineer a drop in the pound and blame it on Brexit woe's to put pressure on the Government to except a softer deal! Just a theory I'm throwing out there!!
He always blames Brexit ,for his inaccurate predictions and mismanagement , he will blame climate change ( which he seems more interested in!) on Brexit next.
i just want that clown carney no matter he said just raise the cable hike or no hike .
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