The Bank of England released Bank of England Official Bank Rate data that came out in line with expectations of 0.75%. The Votes and Monetary Policy Summary together with the MPC Official Bank Rate data release came out today at 12:00 GMT, in which all votes were in favor to hold the rate unchanged. [/ANNOUNCE]
The Bank of England says "All roads ultimately lead back to Brexit and until there's a semblance of certainty, the outlook will remain difficult for the UK. We expect interest rates will remain unchanged, with May offering the best hope of a hike. However, this is largely dependent on Britain leaving the EU with a deal in place."
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| Historical Data Table: Official Bank Rate | Economic Calendar for 21.12.2018 | ||||||||
| Date | 21.06.2018 | 02.08.2018 | 13.09.2018 | 01.11.2018 | 20.12.2018 | 9:30 AM | UK Current Account | ||
| Actual | 0.50% | 0.75% | 0.75% | 0.75% | 0.75% | 13:30 PM | CAD GDP and Core Retail Sales | ||
| Forecast | 0.50% | 0.75% | 0.75% | 0.75% | 0.75% | 13:30 PM | US Durable Goods Orders and the Final GDP | ||
| Initial Reaction on Main Pairs | Open Position Proportions on 20.12.2018 | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.26866 | 1.2684 | -0.02% | GBP/USD | 61.90% | 38.10% | |||
| EUR/GBP | 0.90329 | 0.90384 | 0.06% | EUR/GBP | 29.59% | 70.41% | |||
| GBP/CAD | 1.70682 | 1.70655 | -0.02% | GBP/CAD | 46.35% | 53.65% | |||
| GBP/JPY | 141.733 | 141.728 | 0.00% | GBP/JPY | 72.58% | 27.42% | |||