Bank of England confidence sends the Pound higher, the Dollar still weak

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    General market theme Second day in a row that the markets remain focused on the US Dollar on the back of the Fed decision and press conference earlier this week and the buck was once again under pressure against the rest of the majors. Add to that sentiment better than expected Eurozone data and a bullish tone from the BoE and you will understand why the Euro and the Cable continued on their runs upwards. However what is important to note is that both major currency pairs have reached key

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