As reported by «Market Leader» (US)
Will GBPUSD keep showing downtrend?
After the publication of the UK Net Borrowing report showing a £14.2B increase, which came out much worse than expected, GBP rate declined versus USD.
There are many news releases on the British and US economies expected for today. For example, at 9.30GMT the MPC is to release Meeting Minutes. Previous reports showed a 3-party split of the MPC: most members were against any changes, one member voted for increasing the interest rate to combat the inflation, another on voted for allocating extra funds for the QE program to support the national economy. It will be interesting to know which side will be taken by the QE supporter.