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The bank of England reduces an interest rate.

On Thursday, the Bank of England has lowered an interest rate from 0,5% to 0,25%. I have expanded the program of stimulation of APF to 435 billion (with 375), and also I have added the program for purchase of corporate bonds for 10 billion pounds. But there is more to come: the inflation quarterly statement is submitted, Mark Carney has held a press conference. We argue on events consequences.
GBPUSD has fallen to 200 points within half an hour.

Decrease in a rate of Bank of Engla…
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GBP/CAD-Consolidation prevails !

  • Charts: 1 Day,1 Week
  • Elements used: Fibonaci Fan Lines,Fibonacci Retracements,RSI,.
  • Current Level : 1.8154
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GBP/NZD - Bullish amid rate hike talks!

  • Charts: 4Hours, 1 Day.
  • Elements used: Fiboancci Fan Lines, Fibonacci Retracemets.
  • Prepared with : JForex 4.
  • Current Level : 1.9661
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Metal_Mind 25 June

UPDATE 1: Current price level is 1.9548 which represents  a 140 pips  deviation from target. Currently the pair is moving within a 200 pips range. Since this is such a volatile pair ,everything can happen. The target could be met or not in the remaining days.

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Metal_Mind 27 June

UPDATE 1: The deviation increased to over 386 pips from previous 140 pips as a result of a 1 day strong sell wave.

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