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ForexLive European FX news wrap: BOE adds to QE, risk mood remains choppy
Forex news from the European trading session – 18 June 2020
Headlines:
Markets:
– JPY leads, GBP lags on the day
– European equities lower; E-minis down 0.5%
Headlines:
Markets:
– JPY leads, GBP lags on the day
– European equities lower; E-minis down 0.5%
BofA lifts EUR/USD call for Q3, but still sees it falling towards the year-end
BofA raises its EUR/USD forecast for Q3 to 1.08 from 1.02 previously
The firm’s head of G-10 currency strategy, Athanasios Vamvakidis, said in a note to clients that their forecast may represent some downside but argues that the downside in the pair is likely to be more limited in the near-term.
The firm’s head of G-10 currency strategy, Athanasios Vamvakidis, said in a note to clients that their forecast may represent some downside but argues that the downside in the pair is likely to be more limited in the near-term.
The pound gets a slight nudge higher from the BOE decision, what’s next?
Cable rises from 1.2490 to 1.2550 before fading gains at the moment
For bank trade ideas, check out eFX Plus
A couple of key takeaways from the BOE decision earlier:
For bank trade ideas, check out eFX Plus
A couple of key takeaways from the BOE decision earlier: