EUR/GBP is now rising strongly, after the British rate decision, and asset buying decision.. Trichet’s upcoming rate decision probably might reverse this move.. Today, central banks in Britain and in Europe are making rate decisions. The Bank of England has kept interest rates at 0.5%, as expected. This historic low will be kept for the meantime. The big news is the increase of the size of the asset buying plan. The BoE plans to spill an addition 50 billion Pounds. The upcoming rate decision by the ECB will be very interesting to watch. Most European figures have continued to be gloomy. In the ECB Press Conference, Jean-Claude Trichet may continue to stress the weakness of the economies in Europe. EUR/GBP may reverse it’s trend after these events. This pair is very interesting to watch due these decisions, that are published very closely. If Trichet makes a bullish statement, the next resistance line is at the round number of 0.9. If the trend changes, the next support line for the EUR/GBP is 0.8637, which ws the low point in February 10th. Afterwards, it’s 0.8234, where the EUR/GBP dropped on November 28th, before rising high in the sky. This pair is quite stable at normal times. I ranked it number 2 in the list of most predictable forex pairs. But on a special day like today, with rate decisions in both banks, wild moves aer happening. Volatility gets stronger when there are surprises….Hold tight! Yohay Elam Yohay Elam 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. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Forex Daily Outlook – May 8th 2009 Yohay Elam 13 years EUR/GBP is now rising strongly, after the British rate decision, and asset buying decision.. Trichet's upcoming rate decision probably might reverse this move.. Today, central banks in Britain and in Europe are making rate decisions. The Bank of England has kept interest rates at 0.5%, as expected. This historic low will be kept for the meantime. The big news is the increase of the size of the asset buying plan. The BoE plans to spill an addition 50 billion Pounds. The upcoming rate decision by the ECB will be very interesting to watch. Most European figures have continued to be… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.