BoE meeting results - Ester Holdings
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BoE meeting results

  • Bank of England total amount of the QE program (December), fact 435B, forecast 435B.
  • Interest rate decision (December), fact 0.75%, forecast 0.75%

Meeting resultsof the Bank of England fully coincided with market expectations. This is not strange, since the Central Bank of the United Kingdom also remains in limbo because of Brexit, which is in less than 100 days. Therefore, while there is no reason for the Bank of England to somehow change the monetary policy until the consequences of Brexit are visible.

The British pound reacted quite restrained to the results of the meeting of the Bank of England, remaining under pressure from the correction after the move in the first half of the day. The pair GBP/USD maintains a potential for a decline on the correction of the US dollar after a weakening, but is limited to support levels: 1.2650 and 1.2630 and an uptrend.

GBP/USD chart. Current price – 1.2680

Read also: “Volatility is the pulse of the market. Volatility Indicators »

Andre Green

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