GBP/USD has broken downwards from a rising channel on the charts, suggesting further losses. However, a rally is possible if BoE Governor Bailey rules out negative interest rates in the UK.
The S&P 500 failed to hold onto early US session gains as market participants weighed comments from Fed Chair Powell and the possibility of escalation in the Middle East following Iraqi air base a
The minutes of this meeting will be out in around 7.5 weeks (March 24), the summary is a good guide to what was discusses. The Bank remained on hold at this meeting, with a policy review due in March.
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