Bank of England’s meeting

Bank of England’s meeting

The Bank of England’s Monetary Policy Committee will announce its interest rate decision at 14:00 MT time. This event is of paramount importance for the pound’s value. Traders keep in focus this event striving to forecast the future exchange rate of the sterling. 

The central bank is not expected to change its monetary policy, but comments of its Governor about the rising inflation will be important. If Mark Carney acknowledges the strength of British economy, the pound will get a short-term boost. If Carney, on the contrary, underlines that uncertainty about the nation’s economic future is still present, the pound will keep snapping its recent recovery.

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