European Market Update: BOE Expected To Resume Rate Cuts For The 1st Time In Seven Years

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Aug 4, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    The GBP/USD was hovering around the 1.33 area ahead of the BOE rate decision where the central bank is expected to resume rate cuts for the 1st time in seven years. The overall question whether BOE would exceed market expectations in order to prevent a short-squeeze reaction in the GBP[​IMG]

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