The deputy governor of the Bank of England, Ben Broadbent, said that he is not ready to raise rates quite yet. To balance things out, he did say “there is a reason to see the MPC moving towards higher rates, but there are lots of imponderables”. He also said the mood of business is key to his thinking of rates and that firms will likely remain nervous regarding Brexit uncertainty. At first, Brexit did not hit the economy, but that was 2016. We are seeing a different picture in 2017. His boss, Governor Mark Carney, sent mixed messages lately. GBP/USD hits low support at 1.2820. This was the post-elections high before Carney said the pound shooting higher. Below 1.2820, we find 1.2775 and 1.27. Resistance awaits at 1.29. Here is how the move looks on the one-hour chart: The UK will soon release its jobs report. Wages are closely watched, especially as inflation is rising. Standards of living are basically falling in Britain. More: GBP/USD at critical diagonal – Elliott Wave 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 Forex News Today: Daily Trading News share Read Next UK wages slow down to 1.8%, unemployment rate at 4.5% Yohay Elam 6 years The deputy governor of the Bank of England, Ben Broadbent, said that he is not ready to raise rates quite yet. To balance things out, he did say "there is a reason to see the MPC moving towards higher rates, but there are lots of imponderables". He also said the mood of business is key to his thinking of rates and that firms will likely remain nervous regarding Brexit uncertainty. At first, Brexit did not hit the economy, but that was 2016. We are seeing a different picture in 2017. His boss, Governor Mark Carney, sent mixed messages lately. GBP/USD… 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.
