Posts Tagged ‘Minutes’
GBPUSD: Trading the Bank of England Minutes
The Bank of England Minutes presents the biggest event risk for the British Pound and the policy statement may prop up the sterling should the central bank talk down speculation for additional monetary support.
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GBP/USD Channel Points to Reversal, Will BoE Minutes Derail?
A broader flight to safety and dovish comments from BoE Governor Mervyn King sent the GBP/USD reeling. The central bank leader told lawmakers in London, “As we see things at present, there are significant risks to inflation undershooting the target.”
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GBP/USD: Trading the Bank of England Policy Meeting Minutes
The Bank of England refrained from releasing a statement following its interest rate decision earlier this month, and the meeting minutes could stoke increased volatility in the exchange rate as investors weigh the prospects for future policy.
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British Pound Rallies BoE Minutes, Euro Steady Ahead of FOMC Rate Decision
British Pound Rallies BoE Minutes, Euro Steady Ahead of FOMC Rate Decision
A split in the Bank of England pushed the British Pound to a high of 1.4926 during the European trade as MPC board member Andrew Sentance voted against the majority and pushed for a rate hike earlier this month, and the rise in interest rate expectations may drive the sterling higher going into the North American session as investors weigh the prospects for future policy.
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