Special report: BOE Super Thursday Preview
It's Super Thursday in the UK, which means, in just a bit, we get the trifecta of releases from the Bank of England, in the form of the rate decision, Minutes and Quarterly Inflation Report. While no change to policy is expected, there has been a clear shift in BOE sentiment to the dovish side.
Next 24 hours: Buck Under Pressure into NFP Friday
Most of the price action in FX markets on Thursday came from the carry over momentum generated in Wednesday trade. And so, the intense bout of USD liquidation splashed into Thursday, with the Buck extending declines across the board. The market will now start to position ahead of Friday’s NFPs.