The pound suffered from the BOE’s rate decision. The following press conference by Carney did not help. Yet this may not be the end of it. Can the pound continue falling? GBP/USD and EUR/GBP come into play: GBP: A Dovish Twist From BoE; EUR/GBP Set To Gain Further – Danske Danske Bank Research still views the core of the BoE Monetary Policy Committee (including governor Mark Carney) as being tilted to the dovish side after today’s 6-2 vote to keep the rate unchanged. “We still expect the BoE to remain on hold until the Brexit negotiations are concluded in Spring 2019. The main reasons are that we think the BOE is still too optimistic on both wage growth and GDP growth and political uncertainty remains high due to Brexit. EUR/GBP rose sharply and broke above 0.90 on the announcement, as expected given the dovish twist from BoE. The market now implicitly indicates around 35% probability (8.5bp priced) of a November rate hike compared to 9.5bp priced prior to the BoE announcement. Over the coming 1-3 months, we expect EUR/GBP to test higher levels on the back of a strong EUR and BoE repricing,” Danske argues. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. GBP: Post-BoE: Balance Of Risks – ING ING FX Strategy Research notes that today’s BoE 6-2 Monetary Policy Committee split vote – with no new rate hike dissenters – can be seen as a dovish disappointment, with some corners of the market hoping for greater hawkish gestures. “We expect EUR/GBP now to overshoot our 0.90 forecast for 3Q17 and stay above here. Unlike previous times when we have reached this level – namely during crisis episodes – there are now fundamental reasons to remain at these elevated levels. Given that GBP/USD has been riding on the coattails of a rising EUR, we would look for a recovery in the politically-charged USD – and easing of EUR euphoria – to weigh on GBP/USD. This points to downside risks to below 1.30 in the near-term, although we remain comfortable with our 1.35 year-end forecast,” ING argues For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. 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 Opinions share Read Next Canada’s unemployment rate falls to 6.3% but USD/CAD rises Yohay Elam 6 years The pound suffered from the BOE's rate decision. The following press conference by Carney did not help. Yet this may not be the end of it. Can the pound continue falling? GBP/USD and EUR/GBP come into play: GBP: A Dovish Twist From BoE; EUR/GBP Set To Gain Further - Danske Danske Bank Research still views the core of the BoE Monetary Policy Committee (including governor Mark Carney) as being tilted to the dovish side after today's 6-2 vote to keep the rate unchanged. "We still expect the BoE to remain on hold until the Brexit negotiations are concluded in Spring… 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.