MPC

GBPUSD Slumps As BoE Votes 6-2 To Hold Policy Unchanged

The Bank of England has left interest rates unchanged with only two of its MPC members voting in favour of a hike this month.

GBPUSD Could Drop Below 1.26 If BoE Is Dovish

The Bank of England’s Monetary Policy Committee is almost certain to keep interest rates unchanged today despite inflation rising well above its 2% target.

GBPUSD Trend Line Pullback Feb 01, 2016

GBPUSD recently made a strong downside break from the short-term rising trend line support visible on its 1-hour time frame.

Canada And The Loonie Under The Cosh

Of the currencies likely to be in focus this week, I really did not expect the week to start with a further move lower for the Loonie (and the Canadian economy) which have both been badly affected by falling oil prices (USO, quote) .