Global macro overview for 10/09/2015:
The Bank of England’s (BoE) rate decision is scheduled for today 11:00 GMT together with another set of important fundamental data: MPC Rate Statement, Meeting Minutes, Asset Purchase Facility and Official Bank Votes. BoE is expected to hold the rates unchanged at the level of 0.50% with 375bln of asset purchase, so no surprise here. More interesting data would be the results for rate and asset purchase vote. Nevertheless, the BoE is not expected to raise the interest rate before the Fed’s meeting takes place next week, so any change would be a kind of shock for markets.
The GBP/USD pair was slightly effected by yesterday’s poor manufacturing news. However, it has been moving in a row for last two days after hitting the support at the level of 1.5170. Current resistance was found at the level of 1.5425 and support is seen at 15330.
The material has been provided by InstaForex Company – www.instaforex.com