OctaFX | OctaFX Forex Broker
Open trading account

BoE to remain on hold – Danske Bank

FXStreet (Delhi) – Research Team at Danske Bank, expects Bank of England's Monetary Policy Committee to remain on hold, hence focus will be on the communication about the latest financial developments.

Key Quotes

“After the ECB disappointed the market last week, downward pressure on EUR/GBP has eased, which should calm the MPC members somewhat. However, the recent decline in the oil price and current poor risk environment will weigh substantially on BoE's overall assessment, thus increasing the odds that the Bank of England is likely to maintain a fairly dovish stance today.”

USD long liquidation broadens but pain brings opportunity - BNPP

Research Team at BNP Paribas, notes that the USD selloff extended and broadened on Wednesday, with EURUSD trading through 1.10 and USDJPY falling to 121.08 lows.
Read more Previous

NZD defy gravity and rate cuts, but risks to the downside - BNPP

Research Team at BNP Paribas, notes that the RBNZ cut by 25bp to 2.50% in line with the expectation of a majority of forecasters, putting policy rates back at their global financial crisis lows.
Read more Next
Start livechat