Key Economic Release Reports Across Various Currency Pairs

Suggested Strategies to trade the British Pound with this economic release:

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Before the decision: buy the rumors sell the new strategy: *If the market expects the BOE to hike, traders may buy the British Pound for some time before the announcement and square their position right after the decision. *If the market expects the BOE to cut interest rate, traders may sell the British Pound for some time before the announcement and square their position right after the decision.

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. After the decision: Surprise strategy: *If the BOE decision comes in line with expectations, traders may prefer to stay on the sideline. *If the BOE cuts interest rate while the market was expecting it to hike or to stay on hold, traders may sell the British Pound in a very swift trade (1-2 hours). * If the BOE increase interest rate while the market was expecting to cut or to stay on hold, traders may buy the British Pound in a very swift trade (1-2 hours).