No change in policy nor in the voting pattern, but the BOE did change inflation and growth forecasts: inflation to the upside and growth to the downside, more or less with data coming out recently. GBP/USD made a small move towards 1.45 but we are back to range. The Bank of England was widely expected to leave the interest rate unchanged at 0.50%, as it has been since March 2009. Some had expected a change in the voting pattern: from a unanimous 9:0 vote in favor of no-change to perhaps one member voting to cut rates, in order to fight low inflation and/or to preempt a potential vote in favor of a Brexit. However, chances seemed slim for a change in vote that would immediately weigh on the pound. So, the focus is on the words coming out of both the meeting minutes and perhaps more importantly the Quarterly Inflation Report (QIR), which includes forecasts for growth and inflation. Live coverage: 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 Should we worry about the US labor market? Yohay Elam 6 years No change in policy nor in the voting pattern, but the BOE did change inflation and growth forecasts: inflation to the upside and growth to the downside, more or less with data coming out recently. GBP/USD made a small move towards 1.45 but we are back to range. The Bank of England was widely expected to leave the interest rate unchanged at 0.50%, as it has been since March 2009. Some had expected a change in the voting pattern: from a unanimous 9:0 vote in favor of no-change to perhaps one member voting to cut rates, in order to fight… 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.
