The pound enjoyed some hope for a softer Brexit as May takes control of negotiations. The Bank of England is the next big thing. Here is their view, courtesy of eFXdata: SEB Research discusses GBP outlook and trading strategy around next week’s BoE August policy meeting. We joined the majority of pundits expecting the Bank of England (BOE) to deliver a 25bps rate hike to 0.75% on August 2… Rate decision likely to support GBP briefly. The experience from the initial rate hikes by other central banks as well as the experience from the first BOE rate hike in November last year suggest the GBP should appreciate this week and next. Although Brexit scare should continue to weigh on the GBP previous rate hikes by central banks suggest there should be some room for, at least, atemporary recovery of the GBP in coming days,” SEB argues. However, given the mess in British government and the weak support of PM May’s Brexit plan a positive pre-BOE reaction in the GBP until next week’s rate decision should be seen as an opportunity to sell the currency, as there is little to suggest a positive reaction will last beyond the day of the rate announcement,” SEB advises. 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 Daily Look share Read Next JPY strength likely to be short-lived – UOB FX Street 5 years The pound enjoyed some hope for a softer Brexit as May takes control of negotiations. The Bank of England is the next big thing. Here is their view, courtesy of eFXdata: SEB Research discusses GBP outlook and trading strategy around next week's BoE August policy meeting. We joined the majority of pundits expecting the Bank of England (BOE) to deliver a 25bps rate hike to 0.75% on August 2... Rate decision likely to support GBP briefly. The experience from the initial rate hikes by other central banks as well as the experience from the first BOE rate hike in November… 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.
