The Bank of England raised the interest rate by 75bp to 3.00%, as expected by the market. The vote was split 7-2, with Tenreiro calling for a 25bp hike and Dingla for a 50bp hike. Peak interest rates are likely to be lower than the market suggests, he said. Pound selling reaction immediately after the announcement
From here, I went to sell GBP earlier.
Today’s Options Information EUR/USD 1.0400: €963 million 1.0600: €1.2 billion 1.0625: €956 million 1.0635: €637 million USD/JPY 148.00: $600 million 149.50: $447 million 149.85: $582
Key Currencies and Technical Analysis (4-Hour Chart) – December 9, 2024 EUR/USD – Strong Sell EUR/USD continues a gradual decline, currently testing 1.0535. Last week’s
Geopolitical Risks and Market Outlook: Opportunities for Yen Buying Market Conditions Rising Geopolitical Risks South Korea: Renewed impeachment proceedings against President Yoon are fueling political