Today Bank of England will announce his interest rate decision and assets purchases facility, which are the main theme for GBP and more likely it will set the tone for GBP/USD. The new BOE governor Mark Carney is known as having an hawkish tone and there are growing speculation that he'll implement the exit strategy ahead of schedule in light of the stronger recovery. Market expectation have increased and now expecting to raise interest rates a year earlier than expected. For today meeting economists are expecting BoE to maintain interest rates at 0.50% and asset purchases at 375bn.
Cable is already up 6% since early August mainly due to strong UK data and expectations of tighter monetary policy and the good news maybe is already priced in, but for sure the market will pay close attention to Carney's tone. My personal opinion is that cable will continue marching towards new highs but that will remain to be seen as cable is known having a strange behaviour.
الترجمة الى الانجليزية اظهار الاصلي

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يرجى التسجيل او اختيار لغة اخرى من القائمة للترجمة

– او –