March 11, 2020

Sterling’s Price Action and BOE’s surprise Action

Sterling’s Price Action and BOE’s surprise Action

Sterling recovered all of its weakness which was triggered due to the bank of England’s monetary policy decision. It lowered its interest rate by 50 basis points. However, the Sterling-Dollar pair is in a strong downward trend. Watch the video of AvaTrade’s Chief Market Analys, Naeem Aslam, to understand where the important support and resistance zones are.