12 September 2018
This week we have two major economic events that influence financial markets!
First of all, Bank of England holds its meeting on September 13th at 11am GMT. It is the central bank of the United Kingdom, which sets key interest rates for financial markets of the country and influences monetary policy of the Kingdom.
Here's what leading FreshForex expert Catherine Main says about BoE meeting:
"Investors don't expect Bank of England to change interest rate tomorrow. However, financial authority of Great Britain may positively estimate future economic growth, which is likely to cause growth of the British currency. Great Britain has almost agreed with EU upon trading privileges after Brexit, which is a positive signal for British economics. On Thursday consider buying GBPUSD and GBPJPY."
Besides, European Central Bank (ECB) also conducts its meeting on September 13th at 11.45am GMT. Market participants always wait for this event with great interest because it frequently causes high volatility.
Leading FreshForex analyst tells what to expect from the conference:
"Eurozone inflation doesn't grow. That means ECB won't announce quick cut of quantitative easing. That's negative signal for euro. On Thursday consider selling EURUSD and EURGBP."
FreshForex experts provide reliable forecasts. Monitor closely the situation on market together with FreshForecasts and earn on the key economic events!
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