Today is a very important day. Today we are going to once again REALLY remember that we on the verge of Brexit and that we are going to have to face real consequence of the process at some point. Plus, today we are going to get something extra – today we are going to hear BOE Head Carney Speak. As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.
Surely, altering interest rates is the last thing GBP needs at the moment. We are hoping that even if they are changed, they are going to go higher – that would mean that there is not trouble for British economy after all, but if we are getting a hint that interest rates of Great Britain are going to be lowered, that is when we are going to know – troubles are only just beginning.
Would you risk and trade GBP/USD today? Well, that is the question that can be easily answered – with trading signals for sure!