As expected, the UK MPC continued voting 7:2 against a rate hike, with the same two dissenters. The majority see the euro-area as a risk to the UK recovery. They are concerned by weak wage growth If this is the sentiment before the recent weak data, it is unclear if we will still have two members voting for a hike in November. GBP/USD extends its slide, getting closer to 1.60. More: The majority see current inflation pressures as not justifying a rate hike. They also see a rate hike as leaving the UK vulnerable to shocks. The minority wanted to anticipate potential wage hikes before they come. Weale and McCafferty are the dissenters, and not for the first time. The minutes of the latest Monetary Policy Committee’s meeting was expected to show that that once again, two members voted for a rate hike, dissenting against the other 7, including Governor Mark Carney. Worries about the euro-zone, comments about inflation and comments about employment are in the limelight. GBP/USD was falling sharply towards the publication, trading around 1.6070. Part of the fall is related to worries about the minutes, but this is also due to the strengthening of the US dollar, which is gaining ground also against other currencies. It is important to remember that since the MPC meeting on October 9th, we had some downbeat UK data: inflation fell to a 5 year low of 1.2% and jobless claims for September fell less than expected. Rate hike expectations have been pushed back after these data and the intensifying worries about the euro-zone. More: Barclays’ Trade Of The Week: Stay Short EUR/GBP 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 and GBP/USD pressured lower FxPro - Forex Broker 8 years As expected, the UK MPC continued voting 7:2 against a rate hike, with the same two dissenters. The majority see the euro-area as a risk to the UK recovery. They are concerned by weak wage growth If this is the sentiment before the recent weak data, it is unclear if we will still have two members voting for a hike in November. GBP/USD extends its slide, getting closer to 1.60. More: The majority see current inflation pressures as not justifying a rate hike. They also see a rate hike as leaving the UK vulnerable to shocks. The minority wanted to… 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.