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BOE Preview Keeping the powder dry in response to GBP

Yohay Elam
Updated:

The Bank of England responded to Brexit with a comprehensive stimulus package back in August and hinted about more action now. However, the fall of the pound, to which Carney is “not indifferent” has changed things and another move could wait. With a “Super Thursday” that consists of the Quarterly Inflation Report, the BOE could lay out its intentions for 2017. If a rate cut remains a possibility, so does another leg down in GBP/USD.

Video preview of the Bank of England’s decision:

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.

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