The British Pound depreciated against the US Dollar, following the UK Monetary Policy Statement release on Thursday at 12:00 GMT. The GBP/USD exchange currency rate lost 19 pips or 0.16% after the release. The Pound continued trading at the 1.1960 level against the Greenback after the release.
The Bank of England released the UK Official Bank Rate data, which came in line with the expectations of 0.10%.
According to the official release: "Our MPC voted unanimously to maintain Bank Rate at 0.1%. The committee also voted unanimously to continue with the programme of £200 billion of UK government bond and sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, to take the total stock of these purchases to £645 billion."
| Date | 19.12.19 | 30.01.20 | 11.03.20 | 19.03.20 | 26.03.20 |
|---|---|---|---|---|---|
| Actual | 0.75% | 0.75% | 0.25% | 0.10% | 0.10% |
| Forecast | 0.75% | 0.75% | - | - | 0.10% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.91552 | 0.91618 | 0.07% |
| GBP/CAD | 1.69443 | 1.69344 | -0.06% |
| GBP/JPY | 131.40000 | 131.246 | -0.12% |
| GBP/USD | 1.19753 | 1.19663 | -0.08% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 25.9% | 74.1% |
| GBP/CAD | 46.2% | 53.8% |
| GBP/JPY | 74.6% | 25.4% |
| GBP/USD | 71.3% | 28.7% |
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