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The BoE left their benchmark rate at 0.50% and paused their asset purchase program at 200 billion pounds which was expected. There was some speculation that the central bank would add to their QE efforts after December’s disappointing mortgage approvals.
The BoE left their benchmark rate at 0.50% and paused their asset purchase program at 200 billion pounds which was expected. There was some speculation that the central bank would add to their QE efforts after December’s disappointing mortgage approvals.
All traders should be aware of what is happening this Friday, February 5th at about 830AM Eastern. This is when the US Department of Labor will release the most anticipated news report of the month, the US Nonfarm Payrolls. This report can result in increased volatility and a chance to profit handsomely in a short period of time.
All traders should be aware of what is happening this Friday, February 5th at about 830AM Eastern. This is when the US Department of Labor will release the most anticipated news report of the month, the US Nonfarm Payrolls. This report can result in increased volatility and a chance to profit handsomely in a short period of time.
The British Pound broke out of its recent range and slipped to a fresh month low of 1.5806 during the overnight trade, and the currency may continue to trend lower throughout the remainder of the week as investors scale back their appetite for risk.
The British Pound broke out of its recent range and slipped to a fresh month low of 1.5806 during the overnight trade, and the currency may continue to trend lower throughout the remainder of the week as investors scale back their appetite for risk.
The BoE is widely expected to leave their benchmark rate unchanged at their policy meeting, but markets will be focusing on their intentions for their asset purchase program.
The BoE is widely expected to leave their benchmark rate unchanged at their policy meeting, but markets will be focusing on their intentions for their asset purchase program.
The British Pound may turn volatile as the Bank of England delivers a much-anticipated monetary policy announcement, with expectations calling for shift to wait-and-see mode after the bank completed the latest round of quantitative easing.
The British Pound may turn volatile as the Bank of England delivers a much-anticipated monetary policy announcement, with expectations calling for shift to wait-and-see mode after the bank completed the latest round of quantitative easing.