Bank of England Crushes Sterling
marctomarket.com / by Marc Chandler / Aug 3, 2017
Sterling reached a new 11-month high against the dollar earlier today, but the dovish take away from the Bank of England has seen sterling reverse lower. It has now fallen below the previous day’s low, and a close below there (~$1.3190) would confirm the bearish key reversal pattern. Support near the week’s low just below $1.3100 is holding, and if that goes, the $1.30 level can be tested. A break of $1.2930, the low from the second half of July needs to yield signal a more significant correction.
Sterling has been sold across the board, and it is particularly pronounced against the euro. After bumping against GBP0.90 for the past two weeks, the euro shot through and quickly raced toward GBP0.9050.
The Bank of England voted 6-2 to keep rates steady. Haldane, who previously had indicated that it was a close call from him at the last meeting, stuck with the majority. The Bank of England returns to full staff at the September meeting.
The post Bank of England Crushes Sterling appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/08/03/bank-of-england-crushes-sterling/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).