The Bank of England is set to raise rates to the highest levels since the financial crisis was at its peak. What technical levels should we look out for? Here is their view, courtesy of eFXdata: Citi discusses its expectations around the BoE policy meeting on Thursday. “Macro data in the UK has stabilized somewhat recently, with Citi’s UK ESI now back in positive territory. This leaves the Citi base case for an August MPC hike intact, which may support GBP. The apparent shift in Brexit negotiations towards soft Brexit may also support GBP. But it has raised the probability of PM May being challenged/ the UK government changing with new Elections, which may undermine,” ” Citi notes. “As GBP/USD’s RSI stays at neutral territory, the pair may range trade between 1.2976-1.3511 in short-term, with limited downside,” For lots more FX trades from major banks, sign up to eFXplus By signing up for 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 China’s Foreign Ministry urges US to return to rationality on trade dispute FX Street 5 years The Bank of England is set to raise rates to the highest levels since the financial crisis was at its peak. What technical levels should we look out for? Here is their view, courtesy of eFXdata: Citi discusses its expectations around the BoE policy meeting on Thursday. "Macro data in the UK has stabilized somewhat recently, with Citi's UK ESI now back in positive territory. This leaves the Citi base case for an August MPC hike intact, which may support GBP. The apparent shift in Brexit negotiations towards soft Brexit may also support GBP. But it has raised the probability… 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.
