A Day of Profit Taking on USD Longs

Special report: BOE Decision – Need to Knows

The Bank of England policy decision is the highlight of the day, though the central bank is widely expected to leave policy on hold. Most of the market reaction is likely to come from any new insights that can be gained from the BOE's sentiment towards Brexit developments and the accompanying risks.

Next 24 hours: A Day of Profit Taking on USD Longs

We've been warning about a possible reversal in the currency market, with the Dollar perhaps running a little too far and fast in recent days. It seems that with the month end flow out of the way, the market is getting back to it, with profit taking kicking in across the board. Looking ahead, Friday features the US jobs report.

Global FX Insights Next 24 hours   LMAX Exchange  

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