Bank of England Announcement

Chart courtesy of Advanced GET. Data source eSignal.

Euro Dollar looks interesting so we have provided a snapshot of a one hour chart for you.

Today we have a few news items out including Bernanke and Trichet talking. At mid day BST the BoE will anounce the interest rate statement which is widely expected to remain unchanged. It is hard to see how and why a rate increase could happen so the smart money must be on unchanged or decreased interest rate decision.

Congratulations to Adrian, Agnes and Kripa for profits from yesterdays trade.


Forex Analysts
Javid Shaik & Anne Chapman