Super Thursday

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GBP/USD at critical juncture ahead of Bank of England

Thursday brings the highly anticipated Bank of England monetary policy decision.

BOE’s Super Thursday festivities could set the tone for EUR/GBP's next big move

So far, today’s price action has followed the script laid out in the first part of the week:

  • China’s stock market traded lower overnight as the PBOC left the CNY’s fix essentially unchanged
  • European and US stocks opened higher, only to see those gains evaporate ahead of the European close
  • Oil is falling once again, leading to weakness in commodity currencies and risk appetite as a whole
  • The US dollar index is rising marginally on the continued global uncertainty

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