BOE makes no change in King's last decision

BOE makes no change in King’s last decision

As widely expected, the Bank of England made no policy changes in the last rate decision made by Sir Mervyn King. The interest rate remains at 0.50% and the QE program is unchanged at £375 billion.

GBPUSD was advancing in the last sessions, trading well over 1.54. Cable continues advancing, enjoying the weakness of the US dollar against most currencies. British PMIs came out better than expected earlier in the week.

All eyes are now on the ECB which has an impact also on the pound. New decisions in the UK will now be made by Mark Carney.

For more, see the GBP/USD forecast. Live GBP/USD chart:

[do action=”tradingviews” pair=”GBPUSD” interval=”60″/]

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

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