No change in the vote in the UK MPC: two members still voted for a rate hike in November. Other messages are certainly hawkish. The news, coming on top of lower expectations and a lower pound, is sending GBP/USD back up from the lows, from below 1.56 to 1.5625. Update: it’s already a 50 pip bounce. See the chart below. There is a “material range of views on risks to outlook” within the 9 member committee. Some MPC members said there was risk share capacity absorbed faster than assumed – hawkish They do see a risk of slack soon exhausting, boosting CPI pressure – hawkish They do worry about Europe. Housing activity has slowed more than predicted. These are the minutes for the November decision, in which the Bank of England decided to leave policy unchanged, as widely expected. In the previous decisions, two members voted for a rate hike. Martin Weale and Ian McCafferty.. GBP/USD didn’t wait for the minutes and already dipped below 1.56 before the publication. — more coming — Expectations for the first rate hike in the UK have been pushed back of late. Lower inflation, with a trough of 1.2% y/y in September, alongside some other cooler figures, have changed expectations. The BOE’s latest quarterly inflation report was quite dovish and acknowledged the change in inflation and rate expectations. More: What To Do With GBP At Current Levels? – Credit Agricole 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 GBP/USD still has room to the downside; AUD/USD can Gregor Horvat 7 years No change in the vote in the UK MPC: two members still voted for a rate hike in November. Other messages are certainly hawkish. The news, coming on top of lower expectations and a lower pound, is sending GBP/USD back up from the lows, from below 1.56 to 1.5625. Update: it's already a 50 pip bounce. See the chart below. There is a "material range of views on risks to outlook" within the 9 member committee. Some MPC members said there was risk share capacity absorbed faster than assumed - hawkish They do see a risk of slack soon exhausting,… Top 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.
