18 December 2019
This Thursday, on December 19, Bank of England meeting 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 analyst tells what to expect from this meeting:
"On Thursday, December 19, a meeting of the Bank of England will take place, where the regulator can increase its forecast for GDP for two reasons, which will positively affect the value of the pound. First, a strong labor market always has a positive effect on economic growth. Secondly, early parliamentary elections strengthened the authority of Prime Minister Boris Johnson, which reduces the risk of a “tough BREXIT” early next year. On Thursday consider Buying GBPUSD, GBPJPY, GBPAUD".
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