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In its February meeting, the Bank of England kept interest rates unchanged at 5.25%, the highest in 16 years. While one policymaker advocated for a rate cut, the central bank refrained from signaling any imminent changes, citing the need for further evidence on inflation. With inflation stable at 4.0% y/y in January and the economy […]

The post GBP: Analysts Predict Lower CPI Figures appeared first on Action Forex.

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15/02/2024

USD/JPY: Correction Likely to be Limited

USDJPY extends pullback from the three-month high (150.88) into second straight day, as traders booked profits after Tuesday’s rally of nearly 1%. Overbought daily studies contributed to fresh selling, which is expected to push the price lower and offer better levels for new entries into broader bullish market. Correction is likely to be limited as […]
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US: Small Business Optimism Index Improves in April

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