Menu
Sister Sites

  • Bank Rate held at 0.25%, government bond purchases at £435bn and corporate bond purchases at £10bn

    From bankofengland.co.uk

    The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 13 September 2017, the MPC voted by a majority of 7-2 to maintain Bank Rate at 0.25%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The Committee voted unanimously to maintain the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 ... (full story)

Added at 7:04am

  • BOE Sees Scope for Some Removal of Stimulus in Coming Months

    From bloomberg.com

    The Bank of England said policy makers may see the need for to reduce stimulus in the near future as it kept the benchmark interest rate at a record low. The Monetary Policy Committee voted 7-2 to hold at 0.25 percent, as predicted by all 59 economists in a Bloomberg survey. Ian McCafferty and Michael Saunders maintained their push for a 25 basis-point increase, which would reverse the rate cut put in place after the Brexit vote in 2016. The majority of the MPC judged that, if the economy develops as predicted, “some withdrawal of monetary stimulus was likely to be appropriate over the coming months in order to ... (full story)

How this result improves the value of the pound is beyond me.
Quoting 05renegade
How this result improves the value of the pound is beyond me.
price in for a bull trap . if u still got bullet just hold your short position
The dropping yesterday was to create leg room for today's move.
Fx!!! Fx!!! Fx!!! Manipulations upon manipulations!!!
Quoting nwedepius
Fx!!! Fx!!! Fx!!! Manipulations upon manipulations!!!
Nah, it's all predictable through a correct analysis.
  •  Guest
  • | IP XX.X.46.117
Quoting nwedepius
Fx!!! Fx!!! Fx!!! Manipulations upon manipulations!!!
That is all fun on FX You have to be resilient in order to stay above the water
Quoting Blessed-man
The dropping yesterday was to create leg room for today's move.
agree with you
Quoting 05renegade
How this result improves the value of the pound is beyond me.
If you read the report, it says they are likely to remove stimulus (increase rates) in the coming months, thats why the GBP has strengthened
Easy. Long everything .. buy gbp
Early to bed, early to rise, keeps you healthy, wealthy and wise.
I don't get all these comments about bearishness or manipulation, the news was clearly bullish, they are talking about inflation passing the target and removal of stimulus, and two members voted for rate rise. Price action supports bullish news (for now). It seems all textbook so far.
GU keep buy US CPI will turn negatif due to impact by Hurricane Irma....
Quoting ray4087
GU keep buy US CPI will turn negatif due to impact by Typhoon Irma....
Typhoons are in Asia.
Quoting ray4087
GU keep buy US CPI will turn negatif due to impact by Typhoon Irma....
Don't you think Hurricane Irma will turn CPI positive, because of scarce resources as a result of the destructions
Quoting eozdural
I don't get all these comments about bearishness or manipulation, the news was clearly bullish, they are talking about inflation passing the target and removal of stimulus, and two members voted for rate rise. Price action supports bullish news (for now). It seems all textbook so far.
those 2 are for rate hike for a long time :-)
Sorry i mean Hurricane Irma, it will impact to US CPI result today... bearish for USD..
taste of MPC
Attached Image (click to enlarge)
Click to Enlarge Name: WhatsApp Image 2017-09-14 at 18.39.09(1).jpeg Size: 56 KB
Quoting swing77
taste of MPC {image}
Looks fantastic. would be good to see the account connected to forexfactory for more insight
don't interpret the news, it has no value, the move is cause by lots of stops cascade, notice how usd gain strength while gbp also gain strength?after all the stops are tripped, u can either fade usd move or gbp move, pick one =)
Quoting GoldenFinger
don't interpret the news, it has no value
smh
It's official ,Britain is now under the control of "Command and Control" Fascism

"Abandon hope all ye who liveth here"

I'm now living in Grand Caymen , the weather's nicer enjoy the existential fascist place I used to call home
It's time to sell gbp
Quoting nwedepius
Fx!!! Fx!!! Fx!!! Manipulations upon manipulations!!!

I guess you miss yesterday's labor market which depicts unemployment rate falling from 4.3% from 4.4%, moving further below the BOE estimate of the equilibrium rate (4.5%). Also, PMI survey suggests employment rate will remain solid, so these reports and surveys give the little hints of your mystified manipulation theories.

technicals: Key resistance is 1.3330, where the GBP turned lower yesterday to mark a technical high/reversal. Gains through 1.3330 will target the low 1.34s.
They wanna push you off the path with their frequency wires
Quoting NewtonsCash
It's official ,Britain is now under the control of "Command and Control" Fascism "Abandon hope all ye who liveth here" I'm now living in Grand Caymen , the weather's nicer enjoy the existential fascist place I used to call home
Overpriced housing and the traffic is awful. And doooon't get me started on the weather.
The elites think we are stupid. They are in the main quite correct.
oooo almost at post-brexit vote values...
  • New Comment
  •  Guest
  • | IP X.XXX.250.73
Join FF
  • Story Stats