The Turkish central bank slashed its one week overnight repo rate to 14% from 16.5%, well more than the consensus suggesting a cut to 15.5%. It was another rate cut in a row which exceeded markets' expectations. The USTRY has risen to some extent following the decision.
USDTRY, H4. Source: xStation5
Indices rebound as oil slides to $102 📉 Low jobless claims reading supports US dollar
BoE keeps rates unchanged and issues a dovish statement, thereby weakening the GBP⬇️
🇬🇧 Will the pound recover after the BoE?
Economic calendar: Final Eurozone CPI data and U.S. jobless claims