RBA and BoE Take Center Stage Amidst U.S. Light Week
During the March meeting, Australia's central bank kept its interest rates steady at 4.35% and adopted a more relaxed approach towards tightening, suggesting growing confidence in inflation reaching its target despite economic deceleration. During the last meeting, the Bank of England maintained its interest rate at 5.25%. Governor Andrew Bailey emphasized the importance of ensuring that inflation returns to the 2% target and remains there, stating that the current situation does not warrant
Currencies wait for RBA to kick off big central bank week
The dollar hovered below recent highs on Tuesday as traders waited for the Reserve Bank of Australia to lead a handful of central bank meetings set to define the rates outlook this week.
GBPUSD Downtrend May Be Amplified by BoE Credit Assessment, Brexit
GBPUSD may find its level of suffering extended into a critical support channel if the BoE credit risk assessment amplifies the level of uncertainty against the backdrop of Brexit.
GBPUSD Eyes Support on BoE Governor Mark Carney, AUDUSD May Rise
GBPUSD eyes downtrend resumption as Bank of England Governor Mark Carney fuels rate cut expectations. Meanwhile, IG Client sentiment offers a stronger AUDUSD-bullish trading bias.
Sterling Price Outlook: GBP/USD Bears Grind into Trend Support
Sterling is down more than 3.8% form the yearly highs with price now testing key technical support. Here are the targets & invalidation levels that matter on the GBP/USD charts.
