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Assessing Risks Into Thursday’s BOE Decision
Dutch bank ING thinks the Bank of England (BOE) will vote 6-2 this week to leave UK interest rates unchanged at 0.25 per cent on Thursday. Germany’s Deutsche Bank agrees “that UK monetary policy will remain unchanged again in August” but that “at least 2 MPC members are likely to be still voting for policy[…]
Franc Bears On A Swiss Roll?
“Markets are also likely to price little chance of Swiss National Bank tightening for some time,” wrote France’s BNP Paribas last week noting that “EURCHF has surged since late March as a result of declining eurozone political risk premium and the European Central Bank turning more hawkish.” ThomsonReuters IFR made the point Friday that the[…]
Casting A Technical Eye Over Euro/Dollar
There are two old adages in the foreign exchange market that perhaps have a particular resonance when a currency pair could be described as trading with a degree of euphoria. The first adage is that it is never wrong to take a profit. The second is that a trader should always expect to leave something[…]