UK BOE Interest Rate Decision is not likely to surprise the market, but I’d pay close attention to the vote count as a change in that department could have effect on the direction of the GBP. With ECB Draghi speaking in just 15 minutes, I would stay out unless we get a surprise rate action.
7:00am (NY Time) UK BOE Interest Rate Forecast 0.25% Previous 0.25%
The Trade Plan
I´ll be trading this release using my Spike Trading Method, for more information read: http://www.currencynewstrading.com/how-to-get-started-with-news-trading/
I’d recommend to use the Recommended Pairs from above as they are based on my CSM, which should provide the best combination of currency pairs to trade based on better/worse news… of course, you can also trade the default pair: GBPUSD.
UK BOE Interest Rate | February 2, 2017 | Currency News
January 30, 2017 by Leave a Comment