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Two main motives on Wednesday: Voting in the British Parliament under an agreement with the EU - and the report of the Federal Reserve Chairman in Congress at 14.00 London time
A new vote on an agreement with the EU is expected in the British Parliament. As expected, the agreement presented by Prime Minister May will not gain the necessary majority - and she promised in this case to put the question to the vote - to postpone the date of Brexit. This information on Tuesday caused great optimism in the British pound - see the chart below - the pound rose sharply above 1.3225, giving a signal for a trend upward.
The pound may well increase now to 1.3650.
The second point is important - the speech of Fed Chairman Powell with a semi-annual report. If, as expected, the head of the Fed will make it clear that the rate will not be raised - the pound and the euro may start a trend against the dollar.
We buy the pound and the euro with the expectation of a trend upward.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
