GBP

Traders will react to any statement confirming that BREXIT is getting harder. This could create numerous profit making opportunities.

British High Court will rule today on whether the government can begin the formal process of leaving the European Union without a vote in parliament.

The statistic released yesterday covers the first full quarter since the referendum on the BREXIT.

In August, the BoE said it was prepared to provide more monetary stimulus if necessary. Yet, the Bank decided not to change anything in its monetary policy.

While it is possible that Article 50 will not be triggered before the end of 2019, the UK economy has begun to show signs of a post-Brexit slowdown with the publication of updated statistics this month.

Interest rates continue to dominate market sentiment. Since the Brexit referendum, British growth outlook on the short and medium-term have declined.

With an 8-1 majority BOE decided to keep its key rate at 0.5% - which has remained unchanged since 2009 - and to keep its asset purchase program steady.

While more than 2 million workers from across Europe are working in the UK, the British people went to vote and decided to leave the European Union (51,9%).

A stream of soft economic data from the US over the past weeks has been broadly supportive of cable. This change in fundamentals was enough to reverse the bearish trend.

The Federal Reserve released its minutes today and confirmed what many had suspected. The delay in tightening monetary policy was close but weakness in the global economy tipped the balance on the side of caution.