Todays Price Action In The FX Markets

FX:GBPUSD   British Pound / U.S. Dollar

Big day for the two with the ECB and BoE meetings

This was my preview before the event-

ECB Preview

* All policy change effected in the year so far, so no more expected in the foreseeable future.

* Next move will be to signal an end to the APP program, which is set to run until Sep 2018 at a reduced Eur30bln, but remains open ended as yet.

* ECB staff projections will likely be revised higher on growth, echoing the optimism reflected in the rhetoric among the governing council members.

* Revisions to inflation may also be modestly revised up, but is unlikely to elicit much of a response from the market given the general malaise seen globally.
Kind regards

Rajan Dhall MSTA


Thank you for a detailed analysis
@w0rse, No worries.
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