UK MPC Official Bank Rate Decision (BOE Interest Rate) 12/10/09

Posted by Henry Liu on December 9, 2009 under Forex News Trade, Great Britain, UK Interest Rate | Be the First to Comment

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. RBA Cash Rate Decision 11/30/09 (Interest Rate Decision)
2. UK BOE Official Bank Rate Decision 09/10/09
3. BOE MPC Official Bank Rate Decision 10/08/09
4. UK BOE MPC Official Bank Rate Decision 11/05/09
5. ECB Minimum Bid Rate Decision (Interest rate decision) 12/03/09
6. BOC Overnight Rate Decision (Interest Rate Decision) 12/08/09
7. SNB Libor Rate Decision (Interest rate) 12/10/09
8. BOE MPC Official Bank Rate Decision 01/07/10
9. UK BOE Official Bank Rate Decision 02/04/10
10. UK BOE Official Bank Rate Decision 03/04/2010

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