The pound remains on the back foot after the British government hardly survived the votes in parliament. How will the BOE affect it? Here is their view, courtesy of eFXdata: MUFG Research discusses GBP outlook around the BoE June policy meeting on Thursday. “The latest Brexit developments have largely overshadowed tomorrow’s BoE policy meeting. The BoE is expected to leave policy unchanged as expected, but that does not mean it will be a non-event for the pound. It remains to be seen whether the pick-up in growth in Q2 is sufficient for the BoE to hike rates in August. Tomorrow’s policy update could provide an important insight. If the BoE gives the green light to an August hike, the pound could regain some upward momentum. In contrast it would remain vulnerable to further weakness in the near-term if no clear signal is provided. We have been pencilling in a hike for August although acknowledge it is a close call,” MUFG 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 Daily Look share Read Next USD/JPY refreshes weekly tops, 111.00 mark back on sight FX Street 5 years The pound remains on the back foot after the British government hardly survived the votes in parliament. How will the BOE affect it? Here is their view, courtesy of eFXdata: MUFG Research discusses GBP outlook around the BoE June policy meeting on Thursday. "The latest Brexit developments have largely overshadowed tomorrow's BoE policy meeting. The BoE is expected to leave policy unchanged as expected, but that does not mean it will be a non-event for the pound. It remains to be seen whether the pick-up in growth in Q2 is sufficient for the BoE to hike rates in August. Tomorrow's… 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.
