Professional
Open live CFD account Try free demo
Call: 1800 885 571 Mail: [email protected]
Login Open account
Login Open account
Professional
Login Open account

Swiss National Bank, Bank of England & Brexit News

17 June 2016 By GO Markets

Share

Last night the Swiss National Bank and the Bank of England kept rates on hold, which was expected. The CPI data came out worst than expected but no big surprises.
We also had the Philly Fed manufacturing index, which was much better than expected at 4.7. As to what was expected at 1.1, so it was a good strong figure.
Unemployment came out a bit worse than expected at 277k. Now European and US stocks had a very good rebound last night off lows. So the US 30 bounced off its support line at 17470 and it is looking like it could be a possible reversal point but we need more confirmation.
This is due to a Brexit figure coming out suggesting the stay camp had a lead. This had a very big impact on Gold.
Watch our full report by clicking play on the video below.

Ready to start trading?

Try free demo Open account

Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.

#Interest #Rates #Fed #InterestRates #Banks #Banking #FinTech

News and Analysis

Join our mailing list to receive market news and monthly newsletters, delivered directly to our inbox.