UK BOE Interest Rate Decision will be the main focus of Sterling traders as BOE Carney announces the rate decision and the MPC vote counts. Although BOE has been somewhat hawkish, they really don’t have much in the terms of economic data to back it up. If we get a strong CPI earlier this week, then it will make today’s rate decision interesting. At any rate, in the absence of any surprises, we should stay out of the market.
7:00am (NY Time) UK BOE Interest Rate Forecast 0.25% Previous 0.50%
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 | September 14, 2016 | Currency News
September 10, 2017 by 2 Comments