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Global markets have fallen asleep in the early European session, and left us with major pairs that ran out of steam after challenging near-term resistance areas against the Usd.
We will let the big players carve a path through this, and look to follow wherever they take things. The dollar buying may be tested in the last two global sessions of this week, ahead of an important run of economics and earnings to come over the next two weeks.
The Bank of England rate decision is at 07:00 EDT, and the reaction will be as much about the Statement than the holding of rates at 0.5%, assuming that they do hold....