Bank of England decision! Today!
Dear traders,
The Bank of England is widely expected to keep interest rates on hold and say it is sticking to its plan to raise them gradually. The decision of the Bank of England will be announced at 14:00 Kiev time.
BoE Governor Mark Carney will hold a press conference shortly after the announcement, and investors will monitor his language for signals on what the appetite is for hikes through the end of the year and beyond.
Most economists think the British central bank will wait until May 2019 to raise rates again, assuming Britain leaves the European Union with a deal.
Political headlines will also be in focus as investors watch developments surrounding ongoing Brexit negotiations. With less than five months until Britain leaves the EU, the government has yet to agree a divorce deal with Brussels, as Prime Minister Theresa May’s Conservative party remains split on how close the country should remain to the bloc. (Investing.com)
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Have a nice day!
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