EUR/GBP Edges Lower as BoE Rate Cut Looms

EUR/GBP dips as traders reposition ahead of BoE interest rate decision | The New York Ledger

EUR/GBP brings in sellers on Monday with the cross hovering simply above the 0.8700 mental mark, down over 0.20% intraday. Traders rearrange ahead of the Bank of England’s financial policy choice due Thursday, August 7. The UK’s financial outlook is pressed by tax walkings, slowing customer need, and a softening labor market. The Euro (EUR) edges lower versus the British Pound (GBP) on Monday, with the Pound trading on a firmer footing throughou…

EUR/GBP edges lower as BoE rate cut looms

The Euro (EUR) edges lower against the British Pound (GBP) on Monday, with the Pound trading on a firmer footing across the board, as traders reposition ahead of the Bank of England’s (BoE) monetary policy decision due Thursday, August 7.

GBP/CAD faces dual event risk of BoE and Canadian job - Action Forex

GBP/CAD could see heightened volatility this week as two key events take center stage: BoE rate decision on Thursday and Canadian employment data on Friday. A 25bps BoE cut is widely expected as part of its measured easing cycle, but the decision may not be smooth. In May, the MPC vote split a rare three […] The post GBP/CAD faces dual event risk of BoE and Canadian job appeared first on Action Forex.