Today is Bank Of England Monetary Policy Meeting. Be ready!
The Bank of England Monetary Policy Committee (MPC) will meet today at 11:00 GMT. It is widely expected that interest rates will remain unchanged.
Analysts will also be looking out for statements regarding the Quantitative Easing program.
At the last meeting in August, the bank voted by 6-2 in favour of keeping its interest rate at 0.25%.
There is a speculation that another member of the committee might decide to vote for interest rates increase, which supports some economists’ opinions that there could be a rate hike before the end of the year.
In recent days the pound has grown in value recording a one year high against the dollar. A high level of volatility in GBP currency pairs is anticipated immediately after the release.
What’s next for GBP/USD? Don’t miss out on this top trading opportunity!
How to start trading?
- Online CFD Trading Log in to your Fortrade Account using your email (username) and password.
- Search for the tradable instrument inside the platform.
- Click BUY or SELL to open a trading position.