US Federal Reserve Signals Readiness for Rate Cuts ahead, Focus shifts back to BOE Rates

Daily Update - 20th June 2019

Yesterday’s Market

• GBP Consumer Price Index
• US FOMC Interest Rate, Economic Projections & Monetary Policy Statement

Yesterday’s Explained

GBP Consumer Price Index remained the same with no change at all but Sterling held stable against the Dollar due to current Sterling was buoyant ahead of the Bank of England’s policy meeting later on Thursday, where the central bank may strike a relatively more confident tone than its peers. Followed by data was from US Federal Reserve indicated that they are highly considering for Rate Cuts in the future to come. Which could turn volatility of US Currency against its peers to whole another New Level.

 

Today’s Market

• GBP BOE Interest Rates & Minutes

Today’s Focus

It will not be as busy as Wednesday since Fed Decisions are out of the picture now, Markets will move back to focus on UK Interest Rate Decision & their Minutes of Future policies. BoE Interest Rate Decision is announced by the Bank of England. If the BoE is hawkish about the inflationary outlook of the economy and raises the interest rates it is positive, or bullish, for the GBP