Global macro overview for 24/11/2015:
The Inflation Report Hearings event (The Treasury Committee is appointed by the House of Commons to examine the expenditure, administration, and policy of HM Treasury, HM Revenue & Customs, and associated public bodies, including the Bank of England and the Financial Services Authority) has taken place at 12:00 am today. The most important news for traders and investor was the BoE Chief Economist Haldane remarks about further inflation projection, which is crucial for the UK economy right now. Haldane said that downside inflation risks are worse than in the recent inflation report, so the inflation target of 2% gets harder and harder to reach any time soon.
The GBP/USD pair has reacted negatively to the event. It hit a new local low on the hourly chart. The resistance level is seen at 1.5153. Next support is seen at the level of 1.5026.
