Spreadbetting: Expect a topsy turvy reaction on a BOE rate cut - Spreadex

With ‘Super Thursday’ in sight, we discuss the interest rate cut expectations into the BoE rate decision, and look how Spreadex’ clients remain positioned in a few markets with Connor Campbell, Finance Analyst at Spreadex, and joined by Zak Mir, Technical Analyst at Zak’s Traders Cafe.

Highlights:

“Thursday is the big one.. actually a first ‘Super Thursday’ since the phrase was created.”

“Rate cut this week would be arguably fairly early . A move in number after Q3 data is available appears better”

“GBP/USD: Relatively resilient. Bounced off 1.30 but hasn’t been able to build on resilience. It represents how muddled things are ahead of the BOE. If the bank even slightly disappoints we could go higher.”

“Wall Street – Main even this week – NFP. Gauging the action in the Dow on NFP is difficult. Focus is on earnings as well.”