Market Focus

On Thursday, 08.02.2018, all attention of market participants will be riveted to the meeting of the Bank of England and the decision on the interest rate.

From the Bank of England, the market expects an increase in the basic interest rate, which will keep inflation in the country at a level of 3.0%. At the February meeting, the interest rate increase is not expected what will put pressure on the British currency.

Also, a little later will be a speech of the Chairman of the Bank of England Сarney. From Carney’s speech, market participants will be waiting for signals about a possible tightening of monetary policy later in 2018, which can support the British currency.

Alexander Sivtsov