1. Hello Guest Click here to check FX Binary Point Financial Directory

GBP/CAD: Sterling pounded by a dovish BoE

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The pound has relinquished its earlier sharp gains and has turned lower across the board. The Bank of England’s somewhat downbeat assessment of the UK economy and its outlook on inflation has caused the market to think that a rate hike is not even in the radar for most of the Monetary Policy Committee (MPC) members, except Ian McCafferty of course. The BoE also sounded worried about the impact of the stronger pound on inflation as it mentioned sterling in its policy statement 17 times, no

    Continue reading...

Share This Page