If the RBA signals that they have grown more willing to ease, the AUD could give up its gains and make a run for fresh lows. Typically, lower interest rates cause a currency to weaken by decreasing the return on deposits denominated in that currency. Just waking up and want a quick overview of what to expect for the NY and Asian sessions? UK Mortgage Approvals dip. Skip to content Get Forex Trading Signals. Recordings of our Daily Live Webinars. In bkforex calendar Daily Trading Plan, we will tell you which data we plan to trade and when.
The British pound on Thursday recorded its largest slump in more than two weeks after the Bank of England hinted it could raise interest rates if inflation accelerates too quickly. However, the central bank also noted that tightening policy cwlendar combat inflation could be costly. The weakness in the pound has pushed consumer prices higher by increasing the cost of imported goods.
According to the U. Typically, lower interest rates cause a currency to weaken by decreasing the return on deposits denominated in that currency. Expectations bkforex calendar another BOE rate cut have waned in recent months as the impact of the Brexit vote on the U. On Thursday, a reading on services-sector activity came in stronger than expected, calfndar that the BOE has little justification for another cut. The pound also benefited from a ruling by the U. The ruling will likely delay the Brexit process, Oliveri said.
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The central bank calenadr left its benchmark bkforex calendar rate on hold, as calenxar widely expected. Here's the real reason why U.
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