The British Pound appreciated against the US Dollar, following the BOE Monetary Policy Summary release on Thursday at 06:00 GMT. The GBP/USD exchange currency rate gained 42 pips or 0.34% after the release. The Pound continued trading at the 1.2380 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: "Our MPC voted unanimously to maintain Bank Rate at 0.1%. The Committee voted by a majority of 7-2 for the Bank of England 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 | 30.01.20 | 11.03.20 | 19.03.20 | 26.03.20 | 07.05.20 |
|---|---|---|---|---|---|
| Actual | 0.75% | 0.25% | 0.10% | 0.10% | 0.10% |
| Forecast | 0.75% | - | - | 0.10% | 0.10% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.87524 | 0.87327 | -0.23% |
| GBP/CAD | 1.74166 | 1.74492 | 0.19% |
| GBP/JPY | 131.11100 | 131.542 | 0.33% |
| GBP/USD | 1.23322 | 1.23699 | 0.31% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 30.3% | 69.7% |
| GBP/CAD | 26.7% | 73.4% |
| GBP/JPY | 60.0% | 40.1% |
| GBP/USD | 54.1% | 45.9% |
Economic calendar