UK Central Bank Meet Today May Trigger Selloff in Nifty
Bank of England’s monthly monetary policy is scheduled at 4:30pm on Thursday the 16th of June. This meet comes on the heels of the EU referendum which is due on the 23rd of this month. Survey conducted by the top polling bodies suggest that leave voters are ahead of the stay voters paving the way for Britain to exit the Eurozone. Indian markets can open gap down on Friday morning the 17th of June.
Global markets are still subdued after the FOMC meet yesterday night where The FED maintained status quo on its policy stance, signaling a gradual process in its rate hike trajectory. Nervousness is expected to stay over the BOE rate decision today and the BREXIT referendum results due next week.
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