The pound sterling is in peril as the UK tightens its coronavirus restrictions once more. Now the Bank of England (BOE) raising interest rates does not appear as assured as it did only a few weeks ago. The Pound Sterling Is Expected to Fall as a Result of the New Lockdown Order Prime Minister …
Money management
GBPJPY Slides Down to Test the Critical Support Level at 149.000
GBPJPY Analysis - Price Slides Down as Bears Examine the 149.000 Level GBPJPY slides down as bears return to prove the 149.000 critical support level. There was resistance at different price levels going downward for the market. Notably, the major resistance to the fall in price was at 152.500. …
The PBOC (Peoples’ Bank of China) Reduces the Banks’ Reserve Requirement Ratio by 50 Basis Points
As largely anticipated, the People’s Bank of China (PBOC) drastically reduced the reserve requirement ratio (RRR) of banks by 50bps on Monday.This is the second time that the banks’ RRR has been reduced by the PBOC. Premier Li Keqiang spoke of this cut last Friday, in which he claimed that the …
