Will the pound keep standing?
UK Preliminary Quarterly GDP is out on Thursday at 09:00 MT time.
BOE interest rate stays the same
The Bank of England (BOE) did not announce any major changes in its monetary policy during its today’s meeting. The interest rate stays at 0.75%, which is not a surprise for investors. All of the 9 Monetary Policy Committee (MPC) members voted to hold the rate at the same level, as it was predicted. The committee stated, that any future changes of the interest rate depend on the next steps concerned Brexit deals with the EU. However, these changes will be applied gradually.
In other news, GDP estimate for the 3 quarter raised to 0.5% from 0.4% in August.
The GBP has been rising since September 5, and today didn’t manage to renew highs. As there were no major news expected, the pair GBP/USD was trading in the area around 1.3050.
Similar
Will the RBNZ support the kiwi?
The New Zealand interest rate is announced on Wednesday at 03:00 MT time.
GBP: more stimulus
The Bank of England increased the bong-buying program - the GBP rose. What next?
Latest news
Will the euro stand firm?
The European unemployment rate is announced on Wednesday at 12:00 MT time.
Starting winter with optimism
EUR/USD, the S&P 500, gold, and oil - everything is here! Jump in!
Will the RBA support the Aussie?
The Reserve Bank of Australia announces the cash rate on Tuesday at 05:30 MT time.
Deposit with your local payment systems
