Prior 0.10%
Bank rate votes 0-0-9 vs 0-0-9 expected Gilts purchases £875 billion Corporate bond purchases £20 billion Total asset program £895 billion (unchanged) Existing stance of monetary policy remains appropriate Financial markets have remained resilient GDP is projected to recover rapidly towards pre-virus levels over 2021 Vaccine rollout is assumed to lead to an easing of virus-related restrictions Outlook for the economy remains unusually uncertain CPI inflation is expected to rise quite sharply towards the 2% target in the spring Does not intend to tighten monetary policy at least until there is clear evidence that significant progress is being made in eliminating spare capacity and achieving the 2% inflation target sustainablyFurther Development
Analyzing the current trading chart of EUR, I found that the sellers are very consistent and in full control, which is sign that selling power is much stronger then demand power.
Key Levels:
Resistance: 1,2060
Support levels: 1,1930 and 1,1810.