The Bank of England released Bank of England Official Bank Rate data that came out in line with expectations of 0.75%. The Votes and Monetary Policy Summary together with the MPC Official Bank Rate data release came out today at 12:00 GMT, in which all votes were in favor to hold the rate unchanged.
Mark Carney, the Bank of England Governor says: "Business is taking a very cautious approach right now because we're at the point of, if not maximum uncertainty, close to maximum uncertainty, and there's not that much time left until there will be clarity so waiting a bit of time is understandable."
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| Historical Data Table: Official Bank Rate | Economic Calendar for 02.11.2018 | ||||||||
| Date | 10.05.2018 | 21.06.2018 | 02.08.2018 | 13.09.2018 | 01.11.2018 | 9:30 AM | UK Construction PMI | ||
| Actual | 0.50% | 0.50% | 0.75% | 0.75% | 0.75% | 12:30 PM | CAD Employment data sets | ||
| Forecast | 0.50% | 0.50% | 0.75% | 0.75% | 0.75% | 12:30 PM | US Employment data sets | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.29075 | 1.29243 | 0.13% | GBP/USD | 62.81% | 37.19% | |||
| EUR/GBP | 0.88269 | 0.88166 | -0.12% | EUR/GBP | 37.70% | 62.30% | |||
| GBP/CAD | 1.69037 | 1.69326 | 0.17% | GBP/CAD | 65.59% | 34.41% | |||
| GBP/JPY | 145.673 | 145.933 | 0.18% | GBP/JPY | 50.93% | 49.07% | |||