The BoE is preparing to raise the interest rate | 12 Octubre 2021

12 Octubre 2021, GBP/USD

GBPUSD trading plan:

Governor Andrew Bailey said in an interview published, that inflation running above target must be managed to prevent it from becoming permanently embedded. Michael Saunders, another Monetary Policy Committee member, said it was “appropriate” that markets had started to price in rate hikes much sooner than previously. Traders are betting the BoE could raise its benchmark Bank Rate from a record low of 0.1% possibly as soon as its Nov. 4 meeting, ahead of its U.S. and euro zone peers and following in the footsteps of central banks in Norway and New Zealand. This is a positive signal for the British currency.

Investment idea: buy 1.3580 and take profit 1.3655.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus