The British Pound appreciated against the US Dollar, following the BOE Monetary Policy Report release on Thursday at 12:00 GMT. The GBP/USD exchange currency rate gained 79 pips or 0.59% after the release. The Pound continued trading at the 1.3640 level against the Greenback after the release.
The Bank of England released the Official Bank Rate, which came out in line with the expectations of 0.10%.
According to the official release: "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 its existing programme of UK government bond purchases, financed by the issuance of central bank reserves, maintaining the target for the stock of these government bond purchases at £875 billion and so the total target stock of asset purchases at £895 billion."
| Date | 06.08.20 | 17.09.20 | 05.11.20 | 17.12.20 | 04.02.21 |
|---|---|---|---|---|---|
| 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 | 0.88357 | 0.87997 | -0.41% |
| GBP/CAD | 1.74027 | 1.74656 | 0.36% |
| GBP/JPY | 142.94700 | 143.475 | 0.37% |
| GBP/USD | 1.35691 | 1.36266 | 0.42% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 65.8% | 34.2% |
| GBP/CAD | 30.3% | 69.7% |
| GBP/JPY | 36.7% | 63.3% |
| GBP/USD | 34.5% | 65.5% |
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