by Henry Liu on November 4, 2009
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 its interest rate decision once again today, and consensus expectation is to keep rates at 0.50%, which is no surprise to most traders. However, the important focus today will be the APF (Asset Purchasing Facility, or Quantitative Easing, or their Stimulus Program) program, which is expected by analysts to be increased by a minimum of 25 billion Pound to a maximum of 75 billion Pound…
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by Henry Liu on October 7, 2009
[flv:http://www.newsprofiteer.com/100809-boerate/100809-boerate.mp4 480 360]
7:00am (NY Time) UK Offcial Bank Rate Decision Forecast 0.50% Previous 0.50%
ACTION: GBP/USD N/A
BOE’s MPC is scheduled to release interest rate decision today, and it’s expected that Bank of England will keep the current rate at 0.50% (again). If you remember last rate decision, BOE kept both interest rate and APF unchanged, which turned out to be a bullish signal for the sterling.
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by Henry Liu on September 9, 2009
7:00am (NY Time) UK Interest Rate Decision Forecast 0.50% Previous 0.50%
ACTION: GBP/USD N/A
BOE is scheduled to release its interest rate decision once again today, and it is expected that Bank of England will keep the current rate 0.50%. But ever since the last rate decision and surprise increase in the APF by 50 billion pound, Sterling has been trading under substantial pressure.
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by Henry Liu on August 18, 2009
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.
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