08 February 2018
This Thursday, on February 8th at 12 noon GMT the first Bank of England meeting this year will be held to make decision on interest rate.
Bank of England is the central bank of the United Kingdom, which sets key interest rates for financial markets of the country and influences monetary policy of the Kingdom.
FreshForex analysts tell what to expect from this meeting:
“This is the first meeting of Bank of England this year, and on the previous meeting the possibility of rate hike in the early 2018 was stated. Core inflation that eliminates food, alcohol, tobacco and energy prices was 2.5% in January. This is five-month low, which is a positive signal for pound. Trading signals: on Thursday consider buying GBP/USD, GBP/CAD, GBP/CHF.”
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