Financial markets are following the dollar/TL currency, which started the new day with a depreciation and traded at 32.5580 with an increase of 0.1 percent at 10.40. Similarly, euro/TL is at 34.9300, down 0.2 percent, while sterling/TL is at 41.3710, 0.1 percent lower than the previous closing. The dollar index is currently at 105.3, with an increase of 0.1 percent, after finishing yesterday at 105.2.
Analysts point out that a mixed course is observed in global markets, with expectations that the US Federal Reserve will start reducing interest rates this year. Today’s focus is on the Bank of England’s interest rate decision. Investors are closely following the decisions taken by the BoE. In addition, important data such as budget balance data in the country and weekly unemployment applications in the USA, housing starts, construction permits and consumer confidence index in the Eurozone will also be followed.
Analysis indicates that although annual inflation in the UK has reached the BoE’s target, the bank is not expected to cut interest rates. In this regard, investors will closely monitor both the movements in exchange rates and the policy decisions of central banks today.
