All Things Forex Trading Room: What’s Next for the BoE and the GBP?

In the trading room today: What’s Next for the BoE and the GBP? In the aftermath of the U.K. inflation report, we focus on the GBP and ponder the next move by the Bank of England and how its monetary policy would impact the future trend direction of the pound sterling, we analyze the renewed weakness of the GBP as the GBP/USD currency pair tests an important support level, we take a look at the USD/JPY pair ahead of the Bank of Japan interest rate announcement, we follow up on our EUR/USD trade alert, we highlight the market’s reaction to Bundesbank’s monthly report, the new statement by the Japanese economy minister, and the U.K. CPI, we discuss new forecasts from Bank of New York-Mellon and Royal Bank of Scotland, and prepare for the trading session ahead.

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