BoE May End Asset-Buyback Program

The GBP USD is up sharply following rumors the Bank of England may end its asset buyback program early.

The GBP USD is up sharply following rumors the Bank of England may end its asset buyback program early. The initial thrust to the upside this morning came following bullish comments from a Bank of England official. He said the BoE asset buyback program was doing what it was expected to do. This most likely led to the rumors of the BoE ending the program.

James A. Hyerczyk has been actively involved in the futures markets since 1982. He has worked in various capacities within the futures industry from technical analyst to commodity trading advisor. Using W. D. Gann Theory as his core methodology, Mr. Hyerczyk incorporates combinations of pattern, price and time to develop his daily, weekly and monthly analysis. His firm, J.A.H. Research and Trading publishes The Forex Pattern Price Time Report... More

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