The GBP got a leg higher as BoE’s Haldane provided support for the pound after saying a rate cut to negative is not imminent, forcing the market cut back on expectations on that front, analysts at OCBC Bank inform. See: Potential move to 1.2400 on the cards – UOB Key quotes “Developments on the BoE and Brexit trade fronts turned positive for the GBP/USD, as Haldane pushed back on the immediate calls for a negative policy rate and the EU side appears to have softened somewhat on its trade stance.” “The weak USD supports, but we remain cautious about extrapolating the recent run much higher from current levels.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: A close above the 200-day ma at 1.1012 to fuel upside potential – Commerzbank FX Street 3 years The GBP got a leg higher as BoE’s Haldane provided support for the pound after saying a rate cut to negative is not imminent, forcing the market cut back on expectations on that front, analysts at OCBC Bank inform. See: Potential move to 1.2400 on the cards – UOB Key quotes “Developments on the BoE and Brexit trade fronts turned positive for the GBP/USD, as Haldane pushed back on the immediate calls for a negative policy rate and the EU side appears to have softened somewhat on its trade stance.” “The weak USD supports, but we remain cautious about extrapolating the… 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.
