The British Pound has been largely driven by politics and anything Brexit. All of this has meant that economic data and the BoE took a bit of a backseat.
However, this week’s dovish comments by central bank members of the BoE has turned the spotlight back to monetary policy.
From comments made by BoE governor Carney and MPC member Tenreyro we know that the BoE is currently worried about the slowdown in growth and explained that the bank is currently deliberating the possibility of easier policy.
With the attention turning back towards potential monetary policy changes we think the market will be more focused and interested than usual in this week’s upcoming economic
This week ahead video will help you prepare for this week’s upcoming events and provide insights into how you could possibly trade them as well.
Highlights of the video:
00:44 – Baseline context for the GBP
02:48 – Baseline expectations for the upcoming risk event
05:22 – Possible sentiment shifts
07:41 – Possible currency pairs to consider