UK MPC Meeting Minutes 01/20/10

4:30am NY Time UK MPC Meeting Minutes          Forecast 0-0-9     Previous 0-0-9
ACTION: GBP/USD           N/A

MPC, Monetary Policy Committee, from Bank of England (BOE) will be releasing their meeting minutes over the Rate Decision meeting held 2 weeks ago along with the actual vote count over the rate decision and the APF program.  If you recall, MPC decided leave both interested rate and APF unchanged but BOE Official Sentance was particularly bullish during the last week and brought about expectations of the end of QE (Quantitative Easing) program.  This action provided an immediate short-term bullish rally for the British Pound as traders and speculators both are expecting a much more bullish stance from BOE.

Therefore, we’ll have to pay more attention on the actual minutes as aside from the press comments, we don’t really have any hard evidence on the allegedly bullish stance from BOE.  If we do indeed get bullish comments from this meeting minutes, we could see GBP gain across the board as this will be the first time in a long time to buy Sterling.

I’ll be trading this release live as always do and I’ll post my results afterwards.  This trade is for the more advanced trader as we’ll have to deal not only with interpreting the actual minutes but also reading market sentiment, therefore unless you’ve traded this before, maybe it is better to skip it.

Related posts:

1. UK MPC Meeting Minutes 08/19/09
2. Australia Monetary Policy Meeting Minutes 10/19/09
3. BOE Official Bank Rate Decision 04/08/10
4. UK BOE Official Bank Rate Decision 02/04/10
5. Forex News Trading EU ECB Interest Rate Decision 05/05/11
6. BOE Official Bank Rate Decision Strategy 06/10/10
7. BOE MPC Official Bank Rate Decision 10/08/09
8. UK MPC Official Bank Rate Decision (BOE Interest Rate) 12/10/09
9. UK Retail Sales m/m 10/22/09
10. Forex News Trading UK BOE Interest Rate 09/08/11

Tagged as: Asset Purchases, Bank of England, bank of england monetary policy committee, BOE, British Pound, Exit Strategy, Financial Times, Forex, Forex News, Fundamental News, fundamental outlook, GBP, GBP/JPY, GBP/USD, Inflation, Interest rate, interest rate decision, JPY, Key Interest rate, Matter Of Fact, Meeting Minutes, Minutes, monetary policy, monetary policy committee, MPC, MPC Meeting Minutes, Paul Fisher, Posen, Profound Effect, Qe, UK, United Kingdom, Vote Count