Trading the News: Bank of
What’s Expected
Time of release: 09/10/2009 11:00 GMT, 07:00 EST
Primary Pair Impact : GBPUSD
Expected: 0.50%
Wednesday, September 9, 2009
GBP/USD: Trading the Bank of England Interest Rate Decision
The Bank of England is widely expected to hold the benchmark interest rate at 0.50% and is likely to maintain its GBP 175B asset purchase program as the board anticipates economic activity to improve throughout the second-half of the year, and the central bank may adopt a neutral policy stance going forward as the extraordinary efforts work their way through the real economy.
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