This morning’s data from Europe has been mixed: UK’s inflation figures were surprisingly strong, while a key German economic sentiment survey came in significantly weaker and Eurozone’s construction output shrunk more than expected.
So, the Bank of England day finally arrives and the rate decision is due in less than half an hour, but will it be a Super Thursday for once? It could be if you are on the right side of the potentially sharp move for the pound!
With stocks, pound and the yen dominating the headlines in recent weeks, traders haven’t paid as much attention to what still is the world’s most heavily-traded forex pair: the euro/U.S. dollar (EUR/USD) currency pair.