Watch FXOpen's June 20-24 Weekly Digest Video

FXOpen

In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports. Why are oil prices going down? What ECB president Christine Lagarde had to say at a hearing at the Committee on Economic and Monetary Affairs of the European Parliament? Why the Japanese yen is on the decline? Why are travel stocks on the rise amidst the chaos? And, finally, what are the drivers behind the euro's rising value? Watch our short and informative video, and stay updated with FXOpen.

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This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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Forex Trading with FXOpen

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Forex Analysis

GBP/USD Declines After Bank of England Decision

Yesterday’s decision by the Bank of England came as a surprise to forex traders. While the Official Bank Rate was left unchanged at 3.75%, markets were caught off guard by the notably dovish signals regarding future policy.

According

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.