7:00am (NY Time) UK Offcial Bank Rate Decision  Forecast 0.50%   Previous 0.50%
ACTION: GBP/USD      N/A

Bank of England’s Monetary Policy Committee (MPC) is scheduled to release their finalinterest rate decision today for 2010, and consensus expectations are to keep rates at 0.50%, which is no surprise to most traders.  However, the important focus today will be the tentative statement that usually only accompanies BOE rate decision if there is a change, but BOE may just issue a statement regarding their APF program, as it has been much of the focus lately.

With recent talks about a sovereign credit downgrade and the fundamental outlook of UK’s economic lagging all other major countries, today’s Interest rate decision may not provide much direction because unless other economic indicators start to yield better results, BOE is not likely to change its current stance on monetary policy.

As usual, I’ll be trading this news live and post the results back here.

UPDATE:  There is no trade as BOE decided to leave everything unchanged, including the APF program which sits now at 200 B GBP. 

Related posts:

1. UK BOE MPC Official Bank Rate Decision 11/05/09
2. BOE Official Bank Rate Decision Strategy 06/10/10
3. BOE Official Bank Rate Decision 04/08/10
4. Trade Plan For UK BOE Official Bank Rate Decision 07/08/10
5. BOE MPC Official Bank Rate Decision 01/07/10
6. UK BOE Official Bank Rate Decision 02/04/10
7. UK BOE Official Bank Rate Decision 03/04/2010
8. Forex Analysis For UK BOE Interest Rate Decision 08/05/10
9. BOE MPC Official Bank Rate Decision 10/08/09
10. UK BOE Official Bank Rate Decision 09/10/09