The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here

05.08.2016 - The pound will weaken further after lowering the interest rate of the Bank of England

Yesterday, the British currency showed a sharp decline of price after the Bank of England announced a decrease in the interest rate to a historically low level of 0.25% vs. 0.50% previously. In addition, in September it will begin buying government bonds. The volume of the purchase program is 60 billion pounds. The reason for such steps has been a negative impact on the results of the referendum at which was supported the idea of British exit from the European Union. We expect the fall of the British currency in the medium term and in the near future with potential targets at 1.2600 and 1.2200.

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RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.
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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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