Sterling heavy ahead of BOE decision ...Middle East

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Sterling heavy ahead of BOE decision

here is not helping with the mood, with construction activity contracting for the first time in almost a year. Looking at the near-term chart:

As for the BOE decision in itself, it should largely be a non-event if Bailey & co. play their cards right. Traders are pricing in ~94% odds of a rate cut already with the next one anticipated for May. From earlier: BOE policy decision in focus today

    This article was written by Justin Low at www.forexlive.com.

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