GBP/USD prior Rate desision
Rate is expected to remain @ 0.5% = long
The Bank of England is expected to keep both its key interest rate and the amount of the bond-purchase program unchanged for another month, and will likely turn into a non-event for the Cable in the absence of surprises.
The GBP/USD currently trades at the 1.6840 zone, 0.08% below its opening price, although from a wider view the pound has so far managed to cling to positive ground for the week after 4 consecutive losses.
The Bank of England is expected to keep both its key interest rate and the amount of the bond-purchase program unchanged for another month, and will likely turn into a non-event for the Cable in the absence of surprises.
The GBP/USD currently trades at the 1.6840 zone, 0.08% below its opening price, although from a wider view the pound has so far managed to cling to positive ground for the week after 4 consecutive losses.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.