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Forex Today: Markets Await Bank Of England
Article By:
Adam Lemon
Thursday, May 9, 2024 9:39 AM EDT
The Bank of England is widely expected to leave its interest rate on hold at 5.25%, with the real topic of interest being the language within its monetary policy statement.
The Japanese Yen Is Failing
Video By:
Jeffrey P. Snider
Thursday, May 9, 2024 7:00 AM EDT
Japan's government conducted three (unconfirmed) major currency interventions in less than a week.
GBP/USD Analysis: All Eyes On BoE Decision
Article By:
Mahmoud Abdallah
Thursday, May 9, 2024 6:39 AM EDT
It is unlikely that the Bank of England will cut interest rates at this meeting, but there is speculation that there will be a signal that rates will be cut in June.
AUD/USD Forex Signal: Could Retest The Resistance At 0.6650 Soon
Article By:
Crispus Nyaga
Thursday, May 9, 2024 6:28 AM EDT
The AUD/USD exchange rate remained under pressure as traders assessed the recent actions by the Federal Reserve and Australia’s central bank.