MPC Official Bank Rate & Statement

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november, 2019

07nov12:00 pm12:00 pmMPC Official Bank Rate & StatementIMPACT: GBPUSD & GBP CROSSES12:00 pm - 12:00 pm UTC Event Type :High Impact Time has ran out! Better luck next time!

Event Details

What is this event?

Short term interest rates are the paramount factor in currency valuation – traders look at most other indicators merely to predict how rates will change in the future.

Measures

The interest rate at which the BOE lends to financial institutions overnight.

Effect on Currency

‘Actual’ greater than ‘Forecast’ is good for currency.

Frequency of event

Scheduled monthly.

Source of Data

Bank of England (latest release)

Time

(Thursday) 12:00 pm - 12:00 pm

UK Flag - GBP

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