Crucial Readings for British Pound

Crucial Readings for British Pound

Crucial Readings for British Pound

What will happen?

Bank of England will release data on quantitative easing, monetary policy, and bank rates on November 4, 14:00 GMT+2. This exact report happens once a month and shows BOE’s point of view on the current economic conditions.

Why is it important?

The BOE’s meeting contains information that directly affects the British pound. Monetary policy is among the primary tools the Bank uses to change inflation, thus, the overall pace of the economy. Also, interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future. Although the rate often remains the same, this time investors anticipate a hike to come. Moreover, the voting process (monetary policy committee members vote on main economic matters) can give us more information about the bank’s plans.

How to trade on Bank of England readings?

The British Pound leaped in value against all its major peers in anticipation that the Bank of England could raise interest rates on November 4. That move will put the currency in a winning position against weaker euro and other currencies.

  • If the Bank hike rates – GBP will rise
  • Otherwise, fall

Check the economic calendar

Instruments to trade: EUR/GBP, GBP/JPY, GBP/USD.


What to Trade on August 29 - September 2?
What to Trade on August 29 - September 2?

Last week several important economic updates influenced the Forex market. US preliminary GDP fell less than expected (0.6% actual vs. 0.7% forecast). Below you will find the key events to trade on during the week from August 29 to September 2.

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

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

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