All attention to pound

All attention to pound

The Bank of England will deliver monetary policy and rate reports on Thursday at 09:00 MT time.

Instruments to trade: EUR/GBP, GBP/USD, GBP/CAD, GBP/CHF

The Bank of England set the rate at a record low of 0.1% and the size of its bond-buying program at 745 billion pounds. UK officials claimed that the UK economic data were slightly better than expected in August. However, the outlook for the economy remains highly uncertain due to the rising coronavirus cases and Brexit developments. That’s why the BoE can still impose negative interest rates and expand its quantitative easing, which will push the pound down. Besides, the central bank claimed it won’t tighten monetary policy until the economy is stable, coronavirus is taken under control and inflation approaches the targeted 2%.

  • If the bank gives optimistic guidelines, the GBP rises;
  • If the bank has a pessimistic outlook, the GBP drops.

Check the economic calendar

push_GBP1.jpg

TRADE NOW

Similar

Latest news

Strong EUR vs weak USD

S&P 500 takes a pause near the all-time high, while the US dollar remains at the lowest levels since 2018.

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera