The British pound is facing volatility and uncertainty in the market this week as the Bank of England (BoE) is seen keeping up its benchmark policy rate hike. The central bank is likely to deliver a 25 bps rate increase this Thursday, March 23, raising the key policy rate from 4.0% to 4.25%.
At the same time, traders should follow the BoE MPC Meeting Minutes and the speeches as if there is any sign of a potential pause at the next meeting, it could weigh heavily on the GBP. But in case the BoE signals more tightening ahead, consequently, the GBP rally could get fresh legs.
We accept
More payment methods coming soon…
“CMX MARKETS” Ltd does not accept clients from the following jurisdictions: Afghanistan, American Samoa, The Bahamas, Botswana, Democratic People’s Republic of Korea, Ethiopia, Guam, Iran, Iraq, Libya, Pakistan, Panama, Puerto Rico, Samoa, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, US Virgin Islands, USA and Yemen.
Risk Warning: Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved.
Office: Republic of Moldova, mun. Bălți, str. Dostoevschi, nr. 12, tel: +373 (231) 84 012
Secured By SSL.
Copyright © CMXMarkets. All rights reserved.