- Bank of England without big surprises: maintains rate and QE.
- The pound without great variations, GBP / USD is affirmed above 1.3900.
The GBP / USD is trading around 1.3920 which is the same zone where it was before the Bank of England decision. The pound had rises and falls after the documents of the central bank were known and then returned to previous levels. Now the focus shifts to US data and the BoE conference.
The Bank of England (BoE) as expected kept the benchmark interest rate unchanged at 0.10% and the buyout program at £ 895 billion. The vote for interest rates was unanimous (8-0) while for purchases, there was a dissenting vote, from Michael Saunders. This did not bring big surprises to the market.
The impact on the pound was moderate. GBP / USD fell to 1.3900 and then hit highs for the day at 1.3946. In the last minutes it has shown some weakness but the pair remains in positive territory.
In minutes the conference of the BoE authorities will begin and later, at 12:30 GMT, the weekly report of requests for unemployment benefits from the US will be known This data will serve as the last one before the official employment report on Friday which includes non-farm payrolls and the unemployment rate. In addition to Thursday, the governor of the Federal Reserve, Christopher Waller, will speak at a conference on digital currencies.
Technical levels
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