BoE in Focus | BDSwiss Market Moves on MT4

-BoE Today, traders will focus on the interest rate decision of the Bank of England. Currently, no change in rates should be expected and they will likely remain at their 16-year high. The pressure of inflation is cooling from previously double-digit numbers but has not reached sufficiently low levels, yet. We currently have the quickest tightening cycle in many years, whereas Governor Andrew Bailey paved the way for potential adjustments in interest rates soon. On the other hand, he remains more vague on how rates will be adjusted given the previously high pressure from inflation. The GBP is currently trading stronger against the Greenback and might offer further potential today. -Fed Aftermath At the moment, the US Central Bank is being pressured. Inflation rates in the US have not fallen fast and might hence cause the bank to remain rather tight in its approach. In general their “dot plots” would remain the same potentially showing three rate adjustments to the downside this year. The majority of policymakers hence still opt to stick to their initial plan, despite prices rising beyond their 2% level. The USD lost sharp momentum during yesterday’s trading. -Market Talk The weakness in the Dollar might continue today since markets have generally picked up steam. The EUR might still offer some upside against the Greenback, whereas the AUD is even offering a stronger increase in value. This could be also seen as a potential for equities to run even higher. Meanwhile, the weakness of the USD also helped to push prices of Gold and Silver to higher levels. Also, cryptos look positive and might have printed a bullish turnaround pattern. Especially BTC might run higher again now. Check the UPCOMING WEBINARS here: • Download the BDSwiss iOS app: • Download the BDSwiss Android app: • Join our Telegram Channel: • Like us on Facebook: • Follow us on Twitter: • Follow us on LinkedIn: • Follow us on Instagram: • Subscribe to our Channel: Your capital is at risk. T&Cs apply.