Central Banks are the most important players in the currency market. If you are trading GBPUSD, you should keep a keen eye on the FED and the Bank of England while at the same time not ignoring the ECB. If you are trading EURUSD, you should keep a keen eye on the FED and the… Continue reading GBPUSD Shoots Up 500 Pips & Then Falls 500 Pips On FOMC Meeting Minutes Release
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Bank of England Fears A Strong GBP!
Bank of England (BOE) fears that a strong Pound Sterling GBP will choke off the economic recovery in the UK economy. This thursday, BOE decided to keep the interest rates unchanged and the asset purchase targets unchanged amidst fears of GBP becoming strong and choking off recovery in UK economy. While a strong currency and… Continue reading Bank of England Fears A Strong GBP!