No surprises from the UK, not yet. The BOE left the interest rates unchanged at the rock bottom level of 0.50% seen since 2009. GBP/USD is ticking lower, but from high levels in the initial response. Update: cable is not falling fast. The real show is the release of the meeting minutes. The Monetary Policy Committee in the UK was expected to leave the interest rate unchanged at 0.50% once again, and also to leave the Asset Purchase Facility (or QE program) at 375 billion pounds. GBP/USD was moving higher to around 1.6215, after having risen quite nicely after the relatively dovish FOMC meeting minutes sent the dollar lower. Pressure to raise the rates has been growing on Bank of England Governor Mark Carney. He has already lost the consensus in the MPC, with two members voting for a rate hike. We will not know the vote of this meeting until October 22. Some analysts see the BOE raising rates as soon as November, but the majority see it moving around February or March. Cable dipped below 1.60 following the excellent US jobs report, but made a nice turnaround, alongside other currencies. Support is found at 1.610 and resistance at 1.6250. For more, see the GBPUSD forecast. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/USD, GBP/USD & USD/JPY Technical analysis & Pivot Points John Benjamin 8 years No surprises from the UK, not yet. The BOE left the interest rates unchanged at the rock bottom level of 0.50% seen since 2009. GBP/USD is ticking lower, but from high levels in the initial response. Update: cable is not falling fast. The real show is the release of the meeting minutes. The Monetary Policy Committee in the UK was expected to leave the interest rate unchanged at 0.50% once again, and also to leave the Asset Purchase Facility (or QE program) at 375 billion pounds. GBP/USD was moving higher to around 1.6215, after having risen quite nicely after the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.