The British Pound depreciated against the US Dollar, following the BOE Monetary Policy Report release on Thursday at 07:00 GMT. The GBP/USD exchange currency rate gained 80 pips or 0.62% after the release. The Pound continued trading at the 1.3060 level against the Greenback after the release.
The Bank of England released the UK Official Bank Rate data, which came out in line with the expectations of 0.10%.
According to the official release: "At its meeting ending on 4 November 2020, the MPC voted unanimously to maintain Bank Rate at 0.1%. The Committee voted unanimously for the Bank of England to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £20 billion. The Committee voted unanimously for the Bank of England to continue with the existing programme of £100 billion of UK government bond purchases, financed by the issuance of central bank reserves, and also for the Bank of England to increase the target stock of purchased UK government bonds by an additional £150 billion, financed by the issuance of central bank reserves, to take the total stock of government bond purchases to £875 billion."
| Date | 07.05.20 | 18.06.20 | 06.08.20 | 17.09.20 | 05.11.20 |
|---|---|---|---|---|---|
| Actual | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
| Forecast | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.90668 | 0.90233 | -0.48% |
| GBP/CAD | 1.70185 | 1.70909 | 0.43% |
| GBP/JPY | 135.14700 | 135.759 | 0.45% |
| GBP/USD | 1.2946 | 1.30107 | 0.50% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 65.9% | 34.1% |
| GBP/CAD | 67.4% | 32.6% |
| GBP/JPY | 52.4% | 47.6% |
| GBP/USD | 50.2% | 49.8% |
Economic calendar