Hello steemit FOREX traders,Thursday was an awful bearish day to all the pound sterling pairs as they were all nose-diving hitting the canvass as the bears had a filled day.Bank of England (BOE) left the interest rate unchanged currently at 0.25%, further cutting growth forecast.
BOE President Mark Carney sound somewhat dovish during the press release,allays fears of Brexit uncertainty hitting businesses and further stating some bosses refuse to give a pay rise due to Brexit.
GBP pairs like GBPUSD dropped 150pips plus from a daily high of 1.3266 to a low of 1.3111.
GPPJPY was more culprit dropping 200pips from a daily high of 146.75 to a low of 144.78
GBPCAD went berserk dropping from a daily high of 1.6718 to a low of 1.6488.A massive 228 pips drop.
All eyes will now focus on Fridays US Nonfarm pay role
To Your Trading Success…..
