Bank of England’s Super Thursday

Bank of England’s Super Thursday

August 3 is not an ordinary day for the Bank of England (BoE). The central bank will make its monetary policy decision and release the minutes of these meeting and the quarterly Inflation Report. All these news will be out at 14:00 MT time. At 14:30 MT time, traders will watch the speech of the Bank of England’s Governor Mark Carney.

The BoE’s Monetary Policy Committee was more split over interest rates in June than at any time since 2011: five members voted to keep the benchmark rate unchanged at 0.25%, while three policymakers called for a rate hike. The market started pricing in a rate hike in August. Then, however, traders started doubting this prospect as the UK’s inflation rate unexpectedly declined to 2.6% in June.

With all this uncertainty about how the Bank of England will act, we expect great swings of the GBP in all of its pairs. A rate hike will send GBP/USD up at least for a short-term, while if the British central bank backs from raising rates, the pound will suffer.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera