The British Pound appreciated against the US Dollar, following the BOE Monetary Policy Statement release on Thursday at 06:00 GMT. The GBP/USD exchange currency rate gained 11 pips or 0.08% after the release. Note that afterwards the rate gained 31 pips or 0.23%. The Pound continued trading at the 1.3170 level against the Greenback after the release.
The Bank of England released the Official Bank Rate data, which came out in line with the expectations of 0.10%.
According to the official release: "At its meeting ending on 4 August 2020, the MPC voted unanimously to maintain Bank Rate at 0.1%. The Committee voted unanimously for the Bank of England to continue with its existing programmes of UK government bond and sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, maintaining the target for the total stock of these purchases at £745 billion."
| Date | 19.03.20 | 26.03.20 | 07.05.20 | 18.06.20 | 06.08.20 |
|---|---|---|---|---|---|
| Actual | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
| Forecast | - | 0.10% | 0.10% | 0.10% | 0.10% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.90493 | 0.90421 | -0.08% |
| GBP/CAD | 1.74126 | 1.74332 | 0.12% |
| GBP/JPY | 138.48900 | 138.713 | 0.16% |
| GBP/USD | 1.31328 | 1.31552 | 0.17% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 34.4% | 65.6% |
| GBP/CAD | 26.4% | 73.6% |
| GBP/JPY | 55.9% | 44.1% |
| GBP/USD | 35.1% | 64.9% |
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