Forecasts & opinions
Today would have been the day that Britain left the European Union (EU), but with an extension being granted and Brexit power being seized over by the British parliament, the final leave day seems to be somewhere in our future. For these reasons the fate of Brexit is still uncertain, and the Pound exchange is taking a hit.
New Zealand's official cash rate, as reported in the monetary policy statement released by the Reserve Bank of New Zealand, has remained unchanged at 1.75 percent. This rate is expected to stay at this level through 2019 and 2020, according to the report.
The EURUSD pair
surged on Thursday after a combination of a somewhat hawkish ECB decision along
with a weakening of US CPI. The pair was seen trading 0.50% stronger during the
US session, hovering slightly below the important 1.17 mark.
It is notable that we have a valid kumo break out signal following by the confirmation of the chikou span line which is below the cloud and below the price.
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|remaining time till the new event being published|
- China’s central bank extends medium-term loans but keeps rates unchanged
- New car sales in the European Union rose in September
- UK consumer price growth stabilised in September
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