Account Value

In its widely-anticipated announcement, the BOE delivered its first policy changes since the EU referendum. Here are answers to your most basic questions.

Pound weakness was the dominant theme this week, although Greenback strength was also a major theme. So, what was driving forex price action? And how did the other currencies fare this week?

All eyes were on the pound during the morning London session, especially since the BOE delivered on a highly-anticipated rate cut and more. What else did the BOE do and how did the pound react?

Out of the top 10 movers this week, 7 are yen pairs, with the yen losing badly, so it’s pretty clear that yen weakness was the dominant theme this week. What was driving the yen’s weakness and how did the other currencies fare?