Wednesday, 6 May 2020

BoE Policy Decision - GBP Picks Up But Central Bank Warns of Slumping Q2 GDP

The Bank of England left all policy levers untouched this morning but warned that UK GDP could slump by in Q2 and that unemployment may jump to 9% in the same period. Sterling rose by 30 pips again...

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...