Forex trading live from London – The Next Wall Street
Forex traders will have to wait a little longer for the next big forex event to kick off.
The first trading session of the new session of CBA will take place in London, the British capital.
The event will be the biggest in history for the currency market.
As of now, there is no official reason for the cancellation, but a few months ago the British Bankers Association (BoB) warned that the Bank of England was facing “a liquidity crisis” due to the fallout from Brexit and other global events.
As a result, the BoB called for the BoE to step up its lending to the economy and to help the financial sector through the aftermath of the Brexit vote.
But the BoJ’s statement has been met with criticism from both markets and from other financial markets.
The BoJ has previously warned of “a potential liquidity crunch” ahead of the June 2019 event, which has been dubbed “Brexit 2.0.”
But in the past, it has also raised the possibility of an even bigger event in 2019, in order to help prop up the economy.
A further concern is that this event will also cause a delay in the implementation of the bank’s controversial £350 billion quantitative easing program.
A few months back, the central bank raised the prospect of a “Brexit cliff” of some sort, which would force the bank to take further action if markets didn’t improve and the economy didn’t rebound.
The BoE’s announcement comes on the heels of a statement from the International Monetary Fund (IMF) on Monday that it had no intention of providing emergency support to the banking system after the Brexit referendum.
The IMF stated that it did not “understand why” the central banks of Europe and Japan had opted to leave the euro.
This week, the IMF said it would no longer provide emergency aid to the financial system as a result of Brexit, citing a need for “maximum flexibility” from the banks.
But even though the IMF has already given up on any possibility of providing a “surplus” for the financial markets, there are signs that markets may still see the need for emergency support.
With the financial industry already reeling from Brexit, the next event will certainly be different from last time.
The bank’s statement indicates that the BoR will “work closely with financial institutions to assess the financial situation, which could include the possibility to raise additional liquidity or raise additional support to support the banking sector in the event of a liquidity crunch.”
The next event may be more closely tied to the Brexit process than previous ones.
It is also not clear if the next major event will take the form of a single trade session or a series of smaller trades.
A recent survey by the London Stock Exchange (LondonSE) suggested that trading volume was still relatively low after the financial market’s worst days following Brexit.
Although it is not a big event, this will not stop investors from taking a risk, especially if the market’s volatility has fallen in the last few months.
The next event is also likely to be different to last time as well.