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Calm Before The Storm as Euro and Pound Await CB Decisions

posted by Avatar fx360 1413 days ago in USD, GBP, Employment

A very quiet night of consolidation tonight in FX ahead of what could prove to be a volatile session in North America as both BoE and ECB announce their interest rate decisions. The markets expect no change in rates with BoE remaining stationary at 0.5% and ECB holding steady at 1%, but traders will parse every word of guidance with extreme care.
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