Any thoughts out there on a possible BoE rates change?
I know Carney has hinted at a possible cut, how do you think the markets would react if that happened?
Well, I think the currency markets have already moved on that news, so when it will (or if it will) happen there will be a muted reaction…
What we cannot see is capital flow, namely what will make the Pound fall further or rather begin mounting a recovery: a price service with order flow would show when and how institutuonal money or simple international Sterling flows would influence price… Hell, if we knew that a bank was buying Sterling, would you not find it more attractive than blindly clicking ‘buy’ while staring at a GBP/USD set of candlesticks?
50 pips up, stop level now in profit, looking good
GbpNzd long @ 1.7966
Gooooooooooo!!!
Nice one!!!
Do you guys call the GBP crosses ‘volatile pairs’?
They’re pretty common sense staples really. You want volatility, try USD/ZAR. Yuck haha.
Read the first page of the thread. There’s a Volatility chart link, over 26 weeks GbpNzd averages 1.70% movement per day.
UsdZar may seem volatile based on pips alone but the percentage movement per day is small. Yuck haha
Well said, Eddie!
Also, it is a respectable 9.10am GMT and yet USD/ZAR’s spread is ranging between 30 and 40 points 
Multiply that by ten trades alone… Ouch!
Exceeded expectations, currently up to 104.50. Stop in place at 104.10
You guys are nuts 
1.8350, what a star this is. Stop in place just below 1.83
You think this is nuts, you should watch PipMeHappy’s 50th video. 1 year in a trade, that takes Buddha buttocks 
Received this today…
You recently signed the petition “EU Referendum Rules triggering a 2nd EU Referendum”:EU Referendum Rules triggering a 2nd EU Referendum - Petitions Petitions Committee has decided to schedule a House of Commons debate on this petition. The debate will take place on 5 September at 4.30pm in Westminster Hall, the second debating chamber of the House of Commons. The debate will be opened by Ian Blackford MP.The Committee has decided that the huge number of people signing this petition means that it should be debated by MPs. The Petitions Committee would like to make clear that, in scheduling this debate, they are not supporting the call for a second referendum. The debate will allow MPs to put forward a range of views on behalf of their constituents. At the end of the debate, a Government Minister will respond to the points raised.A debate in Westminster Hall does not have the power to change the law, and won’t end with the House of Commons deciding whether or not to have a second referendum. Moreover, the petition – which was opened on 25 May, well before the referendum – calls for the referendum rules to be changed. It is now too late for the rules to be changed retrospectively. It will be up to the Government to decide whether it wants to start the process of agreeing a new law for a second referendum.The Petitions Committee is a cross-party group of MPs. It is independent from Government. You can find out more about the Committee on its website:*Page cannot be found - UK Parliament Petitions teamUK Government and Parliament
Retracement to stop, out with over 300 pips profit.
Buy limit in place should price drop further
Just gone long GbpJpy @ 138.30, not one of my usual suspects but this could still have a long way to climb, even though it’s climbed a lot this past week
Back into GbpNzd long @ 1.8150
Living up to the title of the thread
The Bank of England could make the first cut to UK interest rates in more than seven years on Thursday.
Mark Carney, the Bank governor, has indicated that the Monetary Policy Committee (MPC) would vote to cut rates in July or August.
The probable reduction from 0.5% to 0.25% is intended to boost the UK economy in the wake of the Brexit vote.
Although a cut is not certain, financial markets put the probability at about 80%.
Retracement to stop loss for +150 pips, may stay out until after BoE decision now unless it falls a lot beforehand