The Bank of England brings a chance to the GBP traders

The Bank of England brings a chance to the GBP traders

The Bank of England will present its monetary policy summary on December 20, at 14:00 MT time.

We do not anticipate the rate hike, as the bank lowered growth forecasts for both 2018 (1.3% from 1.4%) and 2019 (1.7% from 1.8%) years. However, the Bank of England may provide some hawkish comments to support the British pound.

• If the BOE provides hawkish comments, the GBP will rise;

• If the BOE provides dovish comments, the GBP will fall.

Check the economic calendar

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