Today, traders are focusing on the Bank of England meeting, which will take place at 12:00 GMT. It is expected that the regulator will keep the rate at the same level of 5.25%;
Following the March meeting, the US Federal Reserve System (FRS) left the federal funds rate unchanged in the range of 5.25-5.5%. This decision coincided with market expectations;
Fed Chairman Jerome Powell noted that the regulator will not ease monetary policy until there is confidence that inflation is steadily moving towards the target level of 2%;
According to the Energy Information Administration, US oil inventories fell by 1.9 million barrels last week versus an expected increase of 0.01 million barrels;
Employment in Australia increased by 116.5 thousand in February against an expected growth of 40 thousand.
ATNirex Market Research
Comments