BOE boosts – shoots above 1.40 on hawkish tones

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The Bank of England had a clear hawkish tone and sent the pound shooting higher. The BOE left the interest rate unchanged at 0.50% as expected and with a unanimous vote. However, they also raise both inflation and growth forecasts. More importantly, the BOE stated that interest rates may need to rise earlier and faster than they thought back in November. This is clearly a hawkish shift. Governor Mark Carney added that growth cannot rise much faster without sparking higher inflation. This sent Sterling even higher.

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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 the 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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