UK BOE Interest Rate Decision is not likely to surprise the market. However, with the current situation in UK worsening, it’s anyone’s guess whether or not the BOE will decide to act, but easing further in the form of more stimulus.
Of course, the expectation of a surprise today is extremely low. With only one dissenter during the last meeting, I, for one, am not convinced that all the sudden more members are going to jump on to the rate cut/hike wagon. At any rate, it is important to stay out of the GBP market until after this release…
7:00am (NY Time) UK BOE Interest Rate Forecast 0.25% Previous 0.25%
The Trade Plan
I´ll be trading this release using my Spike Trading Method, for more information read: http://www.currencynewstrading.com/how-to-get-started-with-news-trading/
I’d recommend to use the Recommended Pairs from above as they are based on my CSM, which should provide the best combination of currency pairs to trade based on better/worse news… of course, you can also trade the default pair: GBPUSD.
UK BOE Interest Rate | June 15, 2017 | Currency News
June 11, 2017 by Leave a Comment