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BoE Interest Rate Decision

Monetary policy committee meets tomorrow, It seems that all is going according to plan for Bank of England despite all the data released recently, showing as premature the sustained recovery of the economy.

To Rise the cost of borrowing would put the economy under pressure and prevent from growth. Since February, it's clear that UK is growing slower and uncertainty around Brexit will weigh when they meet on Thursday, pointing to the possibility of leave the rates untouched.

Watch for:

  • BoE MPC Votes
  • Any Comments from the Committee on the economic outlook


     
      *It is expected high volatility during the Interest Rate Decision

      GBP/USD  Daily Chart

     

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