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How to trade UK Bank Rate Decision & Votes | Analysis by Keon Consultacy

Despite sharp fall in EUR, AUD & NZD versus USD in recent days; GBP/USD had stayed along with the rising trend line shown on daily/D1 time-frame. It manifests Pound's strength. Therefore, we were poised to take advantage of buying opportunity. Not only did the MPC maintain UK Bank Rate today but also did Bank Rate Vote stay unchanged. Just like last time, only 2 out of 9 members voted for rate cut unlike forecast of 3 votes for rate cut.


Besides the trading factors mentioned above, here is what we see on H4 time-frame. Screenshots clearly show our entry and exit points.


2 comments

2 comentarios


K Trade
K Trade
05 feb 2020

The trade had reached target.

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K Trade
K Trade
30 ene 2020

Buy stop orders were rejected in some brokers as it was placed just 30 seconds before release of MPC votes and BOE rate. We have placed buy limit at 1.3070 for them whereas the trades were executed in recommend broker's accounts at 1.3046 as per buy stop. Blame your so called ECN broker for this.

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