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British Pound

BOE MPC Meeting Minutes 11/18/09

by Henry Liu on November 17, 2009

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.

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UK Prelim GDP q/q 10/23/09

by Henry Liu on October 22, 2009

4:30am (NY Time) UK GDP q/q       Forecast 0.2%    Previous -0.6%
ACTION: (GBP/USD)                               BUY 0.4%                 SELL -0.1%

We’ll be trading the Prelim GDP q/q, which is defined as “the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time.”  GDP is the basically direct measure of the economy’s health, and a stronger GDP means that the central bank will more likely to raise to curb inflation.

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UK MPC Meeting Minutes 10/21/09

by Henry Liu on October 20, 2009

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.

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