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) is releasing their meeting minutes over the Rate Decision meeting held about two weeks ago along with the actual vote count over the rate decision and the Asset Purchasing Facility program. If you recall, MPC decided leave both interested rate and APF unchanged and they are undecided on whether or not the APF (quantitative easing program) should expire or extended for the time being. But without a concrete answer on the APF program, market took that as a bearish message and sold off GBP.
This is a preview of UK MPC Meeting Minutes 02/17/2010. Read More...
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.
This is a preview of UK MPC Meeting Minutes 01/20/10. Read More...
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 vote count over the increase in its APF program. If you recall, MPC decided leave the interested rate unchanged but surprised the market by only increasing its QE program by 25 Billion Pound against analysts estimate of 50 Billion Pound Increase. This action provided an immediate short-term rally for the British Pound as traders and speculators both wonder the reasons to this surprisingly strong outlook for the GBP from BOE.
This is a preview of BOE MPC Meeting Minutes 11/18/09. Read More...
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 possibly the Qquantitative Easing measures (QE). Last rate decision MPC decided to leave both rates and their QE unchanged, which provided an immediate short-term (and short-lived) support for the British Pound. This meeting minutes, however, will probably have more profound effect on the British Pound than its predecessors because of the sharp gain in GBP last week, which was attributed to none other than the rumor to the possible termination of the QE program, and solid proof will be provided by official sources today.
This is a preview of UK MPC Meeting Minutes 10/21/09. Read More...
4:30am UK MPC Meeting Minutes Forecast 0-0-9 Previous 0-0-9
ACTION: GBP/USD Depending on Market Reaction
BOE or Bank of England Monetary Policy Committe will be disclosing the meeting minutes over the Interest Rate Decision meeting two weeks ago along with the actual vote count. Last rate decision BOE decided to increase its APF (Asset Purchase Facility) by another 50 Billion Pound, which was against market expectation as most analysts were expecting a 25 Billion increase to keeping the current program unchanged. The effects of this surprise increase are still visible in today’s market, as Sterling went on a sell-off streak to as much as 700 pips of loss against USD, and 900+ pips against the JPY.
This is a preview of UK MPC Meeting Minutes 08/19/09. Read More...
4:30am UK MPC Meeting Minutes Forecast 0-0-9 Previous 0-0-9
ACTION: (GBP/USD) Depending on Market Condition
Bank of England Monetary Policy Committee will issue detailed minutes over the interest rate decision 2 weeks ago, along with vote count and other issues discussed in the meeting. This is usually a very high impact news event as traders look for clues of BOE’s future monetary policy direction.
This is a preview of BOE MPC Meeting Minutes 07/22/09. Read More...
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