Updated: Watch the new £10 note, featuring Jane Austen, being unveiled at Winchester Cathedral on 18 July 2017.
The Bank of England governor Mark Carney is expected to give a press conference following the meeting of the Bank of England’s committee decision at 12h GMT. Forecasts indicate that rates will remain unchanged and will continue at historic low in 0.25%. So the attention will turn to the tone used by BOE’s governor in his statement and the implications of the new political stage mainly affected by Brexit negotiations.
Key notes
BOE Preview: What to expect of GBP/USD?
It’s BOE ‘Super Thursday’ today, the first one for 2017, with markets unanimously expecting that the BOE will make no change to its monetary policy setting. The British central bank is expected to maintain its refi rate at a historic low of 0.25% and asset purchase target at GBP 435 bn. In accompaniment to the BOE policy decision, we will also have its minutes, which is expected to offer no new surprises and hence, the main risk event for the pound is expected to be the BOE Quarterly Inflation Report (QIR).
Last Interest Rate change from the Bank of England was on August 4th 2016. At the same time, the BOE authorised the purchase of up to £10 billion of UK corporate bonds; and an expansion of the asset purchase scheme for UK government bonds of £60 billion, taking the total stock of these asset purchases to £435 billion.
| CentralBank | CurrentInterestRate | NextMeeting | LastChange |
|---|---|---|---|
| Bank of England | 0.25 % | Feb 2, 12:00 GMT | Aug 4, 11:00 GMT |
About Mark Carney
Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD snaps its four-day losing streak, hovers around 1.0650, focus on German IFO data
The EUR/USD pair snaps its four-day losing streak during the early Asian session on Monday. Market participants will digest the outcome of the Federal Reserve (Fed) meeting last week and await the US Core Personal Consumption Expenditure (PCE) index data due on Thursday.
GBP/USD weekly forecast: Pound struggles on persisting Dollar strength
The GBP/USD pair posted its third consecutive weekly decline, continuing a bearish trend that began in mid-July. Since then, it has fallen from near 1.3100 to 1.2232, reaching the lowest level since March on Friday.
Gold recovers some ground above $1,920, investors await US GDP, PCE
Gold price recovers its recent losses near $1,924 during the early Asian trading hours on Monday. Meanwhile, the US Dollar Index (DXY), a measure of the value of USD relative to a basket of foreign currencies, recorded its tenth consecutive weekly gain and hovers around 105.55.
Worldcoin Price Prediction: Is WLD done with uptrend after 77% rally?
Worldcoin price has paused its uptrend as it currently trades at $1.57. This move comes after the altcoin rallied a whopping 77% in just three days, between September 13 and 16. As WLD hovers aimlessly, investors need to be patient to catch the next volatile move.
Week ahead – US core PCE and Eurozone flash CPIs eyed after rate pause signals
PCE inflation to grab attention on Friday as Fed signals higher for longer. But markets might be more worried about a government shutdown. Eurozone flash CPIs will also be the in the spotlight on Friday. Chinese PMIs to be watched for recovery signs.