3:33 PM · 16 December 2021

BREAKING: BoE Bailey: To cope with inflationary pressures, we need to take the necessary measures

Comments from BoE governor after the publication of interest rates decision:

- There are signs of more sustained price pressures which are worrying us

- In order to cope with the inflationary pressure, we need to take the necessary measures

- Omicron is a very important issue that will undoubtedly have a big impact on the economy

Looking at the GBPUSD at H4, price is testing a key resistance at 1.3350. Whether the currency pair manages to break higher will determine the direction of the trend in the medium term.

GBPUSD H4. Source: xStation5

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Daily Summary: Summer Is Over. Markets Shift Into Risk-Off Mode

Forex

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