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.

Similar

Will the CPI Crash the USD?
Will the CPI Crash the USD?

 The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!

Latest news

The Yen Sets New Lows
The Yen Sets New Lows

The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!

BlackRock CEO Supports The USD
BlackRock CEO Supports The USD

BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!

Deposit with your local payment systems

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

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!

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