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14 October 2022 | Other

British pound bounces back on Bank of England’s extended bond purchase report

GBPUSD
EURGBP
GBPAUD
GBPCAD
GBPJPY

Recovery of the British pound started after the management of the Bank of England expressed its intention to extend the bond-buying program if necessary. Initially, Friday was the last day when bankers could take advantage of this program.

According to the Financial Times, banking institutions are watching investment managers have enough money to support clients with margin requirements. These specialists help pension funds monitor the risk level of their portfolios. If the bank sees that the fund manager can’t help clients, then it will extend support.



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Go short on gold with $4,300 in mind
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Buy Brent crude upon breaking $104.60
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Period: 02.11.2026 Expectation: 1700 pips
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Buying AUDCAD with 1.0000 in sight
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USDJPY buy
Period: 31.10.2026 Expectation: 700 pips
Invest in USDJPY up to 157.70
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