Will the Bank of England make the GBP stronger?

Will the Bank of England make the GBP stronger?

The Bank of England will release its monetary policy summary on February 7 at 14:00 MT time.

The bank will hold its interest rate unchanged at 0.75%. We anticipate the Bank of England to provide the comments on the possible rate hikes in 2019. Last time, the BOE mentioned the Brexit uncertainty as the key problem for the UK economy and lowered the economic growth and CPI projections for the fourth quarter of 2018. As a result, the GBP fell. Let’s see if this time the central bank succeeds to support the British currency.

• If the BOE is confident, the GBP will rise;

• If the BOE is unconfident, the GBP will fall.

Check the economic calendar

shutterstock_518017405.jpg

Log In

Similar

Gold and Bitcoin Rise, Fed is Eyed
Gold and Bitcoin Rise, Fed is Eyed

Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!

Moderna Joins S&P, NZD Surged on Inflation Data
Moderna Joins S&P, NZD Surged on Inflation Data

Moderna rocketed after an announcement that it is going to join the S&P 500 index. The New Zealand dollar surged after the nation’s inflation surpassed the central bank’s target level.

Latest news

Weak USD, Gold and China's Stocks Recover
Weak USD, Gold and China's Stocks Recover

The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!

Deposit with your local payment systems

Learn more

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!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

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