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The British Pound strengthened against the Greenback, following the UK Official Bank Rate release on Thursday. The GBR/USD currency pair gained 54 pips, or 0.41%, to continue fluctuating in the 1.3200 area.
The Bank of England (BOE) released Official Bank Rate that came out in a line with a forecast of 0.50% in May, and stayed unchanged from the previous period.
Jeavon Lolay of Lloyds Bank stands: "The surprising switch by Bank of England chief economist Haldane to support an immediate rate hike puts August firmly on the table. There will be even more interest in what governor Carney says tonight at the annual Mansion House speech."
| Historical Data Table: Official Bank Rate | Economic Calendar for 21.06.2018 | ||||||||
| Date | 14.12.2017 | 08.02.2018 | 22.03.2018 | 10.05.2018 | 21.06.2018 | 12:30 PM | US Philly Fed Manufacturing Index | ||
| Actual | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 12:30 PM | US Unemployment Claims | ||
| Forecast | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 8:15 PM | UK BOE Gov Carney Speaks | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.31332 | 1.31934 | 0.46% | GBP/USD | 67.80% | 32.20% | |||
| EUR/GBP | 0.87833 | 0.87472 | -0.41% | EUR/GBP | 33.13% | 66.87% | |||
| GBP/CAD | 1.74838 | 1.75636 | 0.46% | GBP/CAD | 28.08% | 71.92% | |||
| GBP/JPY | 145.187 | 145.882 | 0.48% | GBP/JPY | 43.19% | 56.81% | |||