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    Global macro overview for 09/07/2015

    Global macro overview for 09/07/2015

    Most important today's data is the UK rate decision and asset purchase facility.

    The market doesn't expect any surprising readings today as the interest rate should be left unchanged together with its purchase facility. Any surprise here might be played out in two ways:

    - surprising rate increase - highly unlikely - the GBP/USD pair will shoot straight up breaking the technical resistance at the level of 1.5532

    - surprise rate cut - unlikely - the GBP/USD pair and other GBP related crosses will start a sell-off with GBP/USD breaking the technical support at the level of 1.5160

    News events from UK scheduled for today: ( all times are GMT):

    11:00 Great Britain BoE Interest Rate Decision 0.50% 0.50%

    11:00 Great Britain Asset Purchase Facility 375bln 375bln

    11:00 Great Britain MPC Rate Statement

    gbp.jpg

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