Latest GBP market news, analysis and British Pound trading forecast from leading DailyFX experts and research team. About your formresume.ga Demo Account. GBP/USD in Flux as May Ascends to PM; USD/CAD Eyes BOC. by Christopher Vecchio, DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
The US stock markets catapulted to a new record high on Th Currently, the pair is trading at 1. The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting near a Five things the markets are talking about It's not been easy, two and two Brexit continues to drive huge volatility in the pound Sterling is coming under heavy pressure on t Britain could end up holding a second referendum on its membership of the European Union if Prime Mi Five things the markets are talking about It was coming, the market new it Five things the markets are talking about The possibility of a new round on The dollar bounced back on Friday, after a couple of economic indicator misses this week, the gree Sign in Open an account.
You can manage you subscriptions by following the link in the footer of each email you will receive. After all, just this week the PM-elect said that she wouldn't trigger Article 50 immediately upon taking office.
It seems there is some growing hope that a Brexit may be avoided in time. If you're not caught up on the May's rise, we suggest you read the article, "Theresa May: Elsewhere, the Bank of Canada will convene today for its July monetary policy meeting, with the decision and accompanying Monetary Policy Report expected to be released at Market participants are unanimously expecting the BOC to maintain their overnight lending rate unchanged at 0.
However, a look at options markets shows an implied probability of a 9. In a sense, there is a small dovish tilt to the market. The BOC last lowered rates in July , bringing down borrowing costs to 0. Nevertheless, it is possible that in the upcoming meeting, the BOC may take on a more dovish bias in light of disappointing economic activity data and deteriorating labor market conditions.
In any case, in light of recent developments and the low probability of a rate cut today, it is important to closely monitor the BOC's Monetary Policy Report to determine if there has been a shift in attitude towards policy accommodation. To contact Christopher Vecchio, e-mail cvecchio dailyfx. To be added to Christopher's e-mail distribution list, please fill out this form. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
All trading involves risk. After that, the instrument may grow to reach 0.