BOE Live Coverage: Brexit prevents rate hikes, GBP/USD is watching


The Bank of England would like to raise interest rates as credit is bubbling, wages are rising, and inflation is at a healthy rate. On the other hand, Brexit uncertainty is rising with only 50 days left to go. The default option is a hard Brexit and there is no apparent solution in sight. The BOE makes its Super Thursday decision and will publish new forecasts. GBP/USD is set to rock on every change in the Bank’s assumptions.

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About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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