FOREX TRADING - 6 dec GBP confusion

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[Yaguex]

Hello econdoc - you see, this is the type of reasons as of why I dislike to trade through major announcements: interpretations are loose and subjective: is the BoJ toying with GBPJPY? is the market pricing in an expected rate cut? I dunno, too many loose ends for my taste so I always sit it out through Interest Rates announcement days.

-HECTOR-

[econdoc]

This is a good video. I questioned the same. Without the previous futures data, I'm going to assume that the public expected a rate cut from the BoE. This of course led to people shorting the GBP prior to the interest rate cut. As far as the Yen goes, the BoJ is notorious for intervening in the exchange markets. Perhaps they stepped in to stabilize against the GBP? I suggest you get some of the futures data for this rate cut. Let me know if you've come to a conclusion.

[ipalibo]

good video