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.
Bank of England Governor Mark Carney said: "The fog of Brexit is causing short term volatility in the economic data, and more fundamentally, it is creating a series of tensions in the economy, tensions for business."
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| Historical Data Table: Official Bank Rate | Economic Calendar for 11.02.2019 | ||||||||
| Date | 02.08.2018 | 13.09.2018 | 01.11.2018 | 20.12.2018 | 07.02.2019 | 9:30 AM | UK GDP m/m | ||
| Actual | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% | 9:30 AM | UK Manufacturing Production m/m | ||
| Forecast | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% | 9:30 AM | UK Prelim GDP q/q | ||
| Initial Reaction on Main Pairs | Open Position Proportions on 08.02.2019 | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.289 | 1.28691 | -0.16% | GBP/USD | 46.98% | 53.02% | |||
| EUR/GBP | 0.87866 | 0.88019 | 0.17% | EUR/GBP | 64.52% | 35.48% | |||
| GBP/CAD | 1.70831 | 1.70581 | -0.15% | GBP/CAD | 43.85% | 56.15% | |||
| GBP/JPY | 141.561 | 141.328 | -0.16% | GBP/JPY | 40.16% | 59.84% | |||