Today, traders will depend on dollar sentiment, risk appetite and bond market developments. There are no significant data published in Europe:
14:00: Switzerland's October trade balance data 17:15: BOE policymakers will testify before parliament on monetary policy, inflation and the UK's economic outlook
Comment
⋅
Will GBPJPY continue to rise or will it change direction?
Comment
⋅
JP Morgan now says that the Bank of England will deliver a 50 basis point rate cut in the fourth quarter of 2024 compared to the pause throughout 2024 they had previously forecast.