The GBP was the strongest currency of the day, as the Brexit uncertainty factor slowly fades away.. Although, all eyes seem to be on the FOMC Statement, later today. Honestly, I do not think that this will be an event, since it won’t even be complemented with a press conference. Friday’s NFP should be more volatile.
Economic Calendar – Feb 2:
Tomorrow might be a big day for the Pound!
@ 12PM we have the Official Bank Rate decision, which is expected to remain the same (0.25%).
@ 12:30PM BoE Gov Carney Speaks.
The first thing which comes to mind is the FOMC statement. Sure, Trump has been saying that the buck is overvalued, but the truth is the Fed cannot ignore the latest inflation numbers for much longer.
Another eventual opportunity might be on Sterling. I mean, the rate itself is expected to remain the same. However, our ‘good mate’ Carney might spice things up 😉
Much love 💙