UK BOE Interest Rate Decision will be the main focus of Sterling traders, even though the central bank is not expected to hike rates yet again this year, the statement and vote count could say plenty about the direction of BOE’s current monetary policy, and perhaps provide a glimpse into the next rate change; therefore, although this is not as tradable, we should still pay close attention to it.
7:00 am (NY Time) UK BOE Interest Rate Forecast 0.50% 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 using 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 | December 14, 2016 | Currency News
December 10, 2017 by Leave a Comment