UK BOE Official Bank Rate Decision 03/04/2010

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

UK’s BOE, Bank of England’s Monetary Policy Committee (MPC) is once again scheduled to release their interest rate decision today and the expectations are to keep both their official rates at 0.50% and APF (Asset Purchasing Facility) at 200 Billion Pound (at least for the time being). The important focus as usual today will be the accompanying BOE Statement if they decide to release one.

Since last Parliament testimony by BOE officials, including Governor Melvyn King, Sterling has been under pressure as the outlook of UK’s economy was grim to say the least.  With Greece out of the European nations casting spotlight on debt issues, UK’s own debt is also under scrutiny as we saw the heavy depreciation of the Sterling since last rate decision back in Feb. 4.  

If the BOE Statement focus on the same rhetoric of late, i.e. the negative outlook on UK’s economy, expect to see a sell-off of GBP once again. 

Related posts:

1. BOE Official Bank Rate Decision 04/08/10
2. BOE Official Bank Rate Decision Strategy 06/10/10
3. Trade Plan For UK BOE Official Bank Rate Decision 07/08/10
4. UK BOE Official Bank Rate Decision 02/04/10
5. UK MPC Official Bank Rate Decision (BOE Interest Rate) 12/10/09
6. BOE MPC Official Bank Rate Decision 01/07/10
7. UK BOE MPC Official Bank Rate Decision 11/05/09
8. Forex Analysis For UK BOE Interest Rate Decision 08/05/10
9. Forex Trade Plan For BOE Interest Rate Decision 09/09/10
10. BOE Interest Rate Decision – Forex News Trading Plan 11/04/10

Tagged as: Afp, Asset Purchase Facility, Bank of England, BOE, Consensus Expectations, Economic Indicators, GDP, Gdp Release, Inflation, Interest rate, interest rate decision, monetary policy committee, MPC, MPC Rate Statement, Official Bank Rate, Prelim, Quantitative Easing, Sterling, Stimulus, uk gdp