IronFX Daily Commentary by Charalambos Pissouros | 17/06/2016
June 17, 2016 8:32 am
BoE on hold, “Brexit” campaigning suspended • BoE remained unanimously on hold. Reiterated its willingness to act regardless of the referendum outcome. • Reaction in GBP/USD remained muted on the news, but the pair later slipped on polls showing “Leave” ahead. • Following the murder of a pro-EU British lawmaker, GBP recovered as this may have hurt the sentiment towards leave. • However, we don’t see a direct link between these incidents. • “Brexit” campaigning suspended by both sides yesterday and today. • GBP remains sensitive to new polls and the upcoming political t.v. debates.
Today: • Eurozone: Current account balance for Apr. • US: Building permits & housing starts, both for May. Expectations are mixed, so any reaction in USD may stay limited. • Canada: CPI for May is exp. to slow. This could prove CAD-negative. • Speakers: ECB Pr. Mario Draghi and ECB Exec. Board member Benoit Coeure.
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BoE on hold, “Brexit” campaigning suspended
• BoE remained unanimously on hold. Reiterated its willingness to act regardless of the referendum outcome.
• Reaction in GBP/USD remained muted on the news, but the pair later slipped on polls showing “Leave” ahead.
• Following the murder of a pro-EU British lawmaker, GBP recovered as this may have hurt the sentiment towards leave.
• However, we don’t see a direct link between these incidents.
• “Brexit” campaigning suspended by both sides yesterday and today.
• GBP remains sensitive to new polls and the upcoming political t.v. debates.
Today:
• Eurozone: Current account balance for Apr.
• US: Building permits & housing starts, both for May. Expectations are mixed, so any reaction in USD may stay limited.
• Canada: CPI for May is exp. to slow. This could prove CAD-negative.
• Speakers: ECB Pr. Mario Draghi and ECB Exec. Board member Benoit Coeure.
Join us for more technical and fundamental analysis: http://www.ironfx.com
To get the latest Forex trading news you should:
• Download the IronFX Research app: http://goo.gl/jhQIxO
• Like us on Facebook: https://www.facebook.com/IronFX
• Follow us on Instagram: https://www.instagram.com/ironfx
• Follow us on LinkedIn: https://goo.gl/wSEbPN
• Follow us on Twitter: https://twitter.com/IronFXGlobal
• Circle us on Google+: https://www.google.com/+Ironfxglobal
• Subscribe to our Channel: http://bit.ly/1foFmCU
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