BOE Official Bank Rate Decision 04/08/10

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 bank rates at 0.50% and APF (Asset Purchasing Facility) at 200 Billion Pound. The important focus as usual today will be the accompanying BOE Statement if they decide to release one, and it is customary that BOE only releases rate statement if there is a change to either the Interest Rate or APF program. 

Here is a news flash we got today at 10:40pm NY Time:

 (UK) London Times BOE Shadow MPC: Recommends to keep rates unchanged; Resist pressure for additional QE ahead of today’s BOE meeting

If BOE remains firm on their stance over interest rate and is willing to continue withdrawing their stimulus package by not increase the APF program, we could see some demand surface for the Sterling; however, if MPC decides to increase APF by any amount, expect to see a strong sell off on the Sterling today.

Related posts:

1. BOE Official Bank Rate Decision Strategy 06/10/10
2. UK BOE Official Bank Rate Decision 02/04/10
3. UK BOE Official Bank Rate Decision 03/04/2010
4. Trade Plan For UK BOE Official Bank Rate Decision 07/08/10
5. UK BOE MPC Official Bank Rate Decision 11/05/09
6. UK MPC Official Bank Rate Decision (BOE Interest Rate) 12/10/09
7. BOE MPC Official Bank Rate Decision 01/07/10
8. Forex Trade Plan For BOE Interest Rate Decision 09/09/10
9. BOE Interest Rate Decision – Forex News Trading Plan 11/04/10
10. Forex Analysis For UK BOE Interest Rate Decision 08/05/10

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