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May 11, 2017

Fortrade, Bank of England MPC meeting today on Interest Rate Decision today at 11:00 am GMT!

Heads Up, Bank of England Announcement Today.

This article is originally referred from Fortrade News.

Why the Bank of England Might Send Up the British Pound.

The Bank of England Monetary Policy Committee (MPC) meeting, scheduled for Thursday, May 11 at 11:00 (GMT), is nearly certain to keep interest rates at their rock bottom level of 0.25%.

The aftermath of the Brexit vote seems to be finally feeding through to Britain’s economic growth, according to business surveys that show rising inflation is partially offset by slower-than-expected consumer sales.

If the central bank raises interest rate in a surprise move, this is seen as bullish for the Pound Sterling to US Dollar (GBP/USD), and will likely result in a sharp increase in the currency pair.

Trade GBP/USD now with Fortrade!

*Your capital is at risk. For general information only. Not intended to provide trading or investment advice.

How to start trading?

  1. Log in to your Fortrade Account using your email (username) and password.
  2. Search for the tradable instrument inside the platform.
  3. Click BUY or SELL to open a trading position.

Fortrade Official Website

Original Source: Fortrade News

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