UK BOE Official Bank Rate Decision 09/10/09

Newsletter

Zero spam.

7:00am (NY Time) UK Interest Rate Decision Forecast 0.50% Previous 0.50%

Definition
BOE is scheduled to release its interest rate decision once again today, and it is expected that Bank of England will keep the current rate 0.50%. But ever since the last rate decision and surprise increase in the APF by 50 billion pound, Sterling has been trading under substantial pressure.

3rd Party Advertisement

Update
BOE decided to keep everything unchanged and market reacted with optimism and risk appetite. As I quickly assessed the market and decided to wait for a proper retracement, I guided the room for at least 20 pips of profit to 50 pips off on this trade LIVE. Watch how I evaluate the market as we pick up pips with relatively little to no drawdowns…

About Kelvin Ching

I'm a professional Forex trader and I have been trading for over 7 years. I was a series 3 broker and a registered CTA with the NFA, the main regulatory agency in the United States, and I have been involved at the highest levels in commodity trading. I also have a background in Information Technology, graphics design, and programming... I'm the co-founder of CurrencyNewsTrading.com, a site dedicated to fundamental analysis and news trading.

Speak Your Mind

*

Newsletter

Zero spam.