EURGBP - Anticipating the BOE Decision
EURGBP - Anticipating the BOE Decision
A few days ago, I posted an analysis on EURGBP, highlighting a strong support zone. Today, we are looking at one of the most significant events of the week: the Bank of England's (BOE) interest rate decision.
The BOE is expected to cut rates by 25 basis points, bringing them down to 4.50%. Currently, the market is reacting against the GBP, pushing EURGBP up along with many other GBP pairs. This is a typical price development when it comes to interest rate changes.
However, the main focus will be on the BOE's press conference, as the Governor's comments and the way the changes are communicated can significantly impact the market. We can expect a volatile day ahead.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
A few days ago, I posted an analysis on EURGBP, highlighting a strong support zone. Today, we are looking at one of the most significant events of the week: the Bank of England's (BOE) interest rate decision.
The BOE is expected to cut rates by 25 basis points, bringing them down to 4.50%. Currently, the market is reacting against the GBP, pushing EURGBP up along with many other GBP pairs. This is a typical price development when it comes to interest rate changes.
However, the main focus will be on the BOE's press conference, as the Governor's comments and the way the changes are communicated can significantly impact the market. We can expect a volatile day ahead.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.