GBPUSD – Bank of England surprises again

04.02.2022

Important events today:

13:30 UTC – US: Non-farm payroll change.

The British Central Bank again surprised the markets, as yesterday’s meeting was only one vote short of a 0.5% rate hike. So, at the meeting on March 17, the rate will be raised again by 0.25%.

The purchase of commercial bonds by the regulator has been completed and is gradually decreasing. Government bonds will still be in the portfolio of the Central Bank, but according to the asset, a gradual reduction will begin next month. BV in the short term, the Bank of England will have a positive impact on the British pound. Given the weak statistics on the labor market from the United States, we should expect growth to the 1.3650 zone.

Recommendations: Buy 1.3570/1.3545 with TP 1.3640.