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The British Pound weakened against the Greenback, following the UK Official Bank Rate data release on Thursday. The GBP/USD currency pair lost 76 pips, or 0.56%, to continue going down to the 1.3478 level.
The Bank of England released four datasets simultaneously from which Official Bank Rate was left unchanged of 0.5% for the fifth time straight, and MPC Official Bank Rate Votes also stayed in the same proportions as from the last time of 2-0-7.
The Bank of England also released BOE Inflation Report and Monetary Policy Summary, but these data releases most probably were traded by algorithms, that are capable of reading the text and understand its context.
| Historical Data Table: UK Official Bank Rate | Economic Calendar for 11.05.2018 | ||||||||
| Date | 02.11.2017 | 14.12.2017 | 08.02.2018 | 22.03.2018 | 10.05.2018 | 12:30 PM | CAD Employment Change | ||
| Actual | 0.25% | 0.50% | 0.50% | 0.50% | 0.50% | 12:30 PM | CAD Unemployment Rate | ||
| Forecast | 0.25% | 0.50% | 0.50% | 0.50% | 0.50% | 12:30 PM | US Import Prices m/m | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.35913 | 1.35192 | -0.53% | GBP/USD | 61.48% | 38.52% | |||
| EUR/GBP | 0.87442 | 0.87852 | 0.47% | EUR/GBP | 33.39% | 66.61% | |||
| GBP/CAD | 1.73641 | 1.72797 | -0.49% | GBP/CAD | 59.87% | 40.13% | |||
| GBP/JPY | 148.98 | 148.196 | -0.53% | GBP/JPY | 47.33% | 52.67% | |||