Bank of England meeting results - Ester Holdings
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Bank of England meeting results

The Bank of England kept the key interest rate unchanged at 0.75%, while the volume of the incentive program remained at 435 billion pounds. At the same time, the Central Bank of Great Britain retained concerns about the trade war between the USA and China. The Bank of England also noted increased volatility regarding Brexit data.

The general tone of the Central Bank of Great Britain turned out to be restrained, which actually had no effect on the dynamics of the British pound. The anticipation of the meeting of the Bank of England and the correction on expectations exerted more significant pressure on the pound. A moderate correction of the British currency is expected in the conditions of market restraint,.

GBP/USD continues to trade in flat from 1.2430-00 to 1.2500, indicating the potential for correction after the decline.

Fig. 1. GBP/USD chart. Current price – 1.2450

Read also: “Should we expect the currency intervention from the Bank of Japan”

Hanzenko Anton


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