The British Pound appreciated against the US Dollar, following the BOE Monetary Policy Summary release on Thursday at 11:00 GMT. The GBP/USD exchange currency rate gained 44 pip or 0.36% after the release. The Pound continued trading at the 1.2460 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% and to continue with the existing 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. The Committee voted by a majority of 8-1 to increase the target stock of purchased UK government bonds, financed by the issuance of central bank reserves, by an additional £100 billion, to take the total stock of asset purchases to £745 billion."
| Date | 11.03.20 | 19.03.20 | 26.03.20 | 07.05.20 | 18.06.20 |
|---|---|---|---|---|---|
| Actual | 0.25% | 0.10% | 0.10% | 0.10% | 0.10% |
| Forecast | - | - | 0.10% | 0.10% | 0.10% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.90065 | 0.89746 | -0.35% |
| GBP/CAD | 1.69322 | 1.69897 | 0.34% |
| GBP/JPY | 133.78400 | 134.143 | 0.27% |
| GBP/USD | 1.25001 | 1.2542 | 0.34% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 29.6% | 70.4% |
| GBP/CAD | 47.4% | 52.6% |
| GBP/JPY | 49.5% | 50.5% |
| GBP/USD | 46.1% | 53.9% |
Economic calendar