OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/GBP hits 10-day high as BoE stays on hold

The pound strengthened across the board, with GBP/JPY reaching a fresh 10-day high after the Bank of England decided to keep its interest rate and the asset buying program unchanged at £375 billion. Most economists had expected the bank to stay on hold, but acknowledged that a boost to the size of the asset-buying program was a possibility.

GBP/JPY rose nearly 90 pips after the announcement and hit its highest since Feb 25 at 141.89. At time of writing, GBP/JPY is trading around 141.65/70, still recording a 0.3% gain on the day.

Forex: EUR/USD holds above 1.3000 ahead of ECB

The market is soon to know about ECB's decision for March and the EUR/USD keeps steady above 1.3000, currently at 1.3020. Investors were now informed that the BoE kept things unchanged, surprising some more dovish traders.
Read more Previous

European markets higher ahead of ECB

The German DAX 30 (+0.10%), the French CAC 40 (+0.44%), the Spanish IBEX 35 (+0.51%) and the British FTSE 100 (+0.42%) are edging higher ahead of the ECB, while the Italian FTSE MIB trades flat. Analysts see some chance of a rate cut, but it's mostly expected to stay unchanged. UK Investors were now informed that the BoE kept things unchanged, surprising some more dovish traders. Europe cheered the improving yields on the debt market.
Read more Next
Start livechat