– Buys on close above 163.000 targeting 1h previous Support formed on (29.07.2022) at 163.460 leaving Runners to 4h / 30min Resistance at 162.820.
– Sells on close below 162.420 targeting 30min Strong Support at 161.980 leaving Runners to 4h / 1h Support at 161.600.
– The Bank Of England this Week is expected to push through the biggest interest-rate increase in 27years(Since 1995), Investors anticipate a 70% chance of a half-point increase to 1.75% the highest since the global financial crisis in 2009, a decision to be made at Noon UK Time (1h before New York Open).
– A virtual Press Conference hosted by the Bank Of England to talk about the Monetary Policy Report and the Interest Rate Decision.
– Since December the Bank Of England has raised rates 5 times to slow down Inflation and bring it back down close to the target (2%).