The BOE meeting: a ray of hope for the GBP?
The Bank of England will release its monetary policy summary and announce the interest rate on September 19, at 14:00 MT time.
Greenback stands still as traders digest Fed statement
On Thursday, the evergreen buck didn’t change versus other key currencies because financial markets were still digesting the Fed’s fresh policy statement, simultaneously looking ahead to a string of American economic reports due later in the day.
In a widely anticipated move, the Fed had its interest rates increased to 1.50% by 0.25 basis points at its policy gathering on Wednesday.
Assessing the US currency’s strength versus a trade-weighted basket of six main currencies, the US dollar index was nearly intact sticking to 93.4, off a one-week minimum of 93.33 reached overnight.
The common currency was intact, with EUR/USD being worth 1.1821. Meanwhile, GBP/USD ascended 0.22% hitting 1.3447.
This month the euro zone reported its fastest surge in business activity in nearly seven years.
The Japanese yen and the Swiss franc decreased, with USD/JPY edging up 0.20% hitting 112.76. USD/CHF rallied 0.30% being worth 0.9884.
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The Federal Open Market Committee will publish its statement and announce an official rate on September 18, at 21:00 MT time.
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Market updates on September 19
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.
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