cesarnc, is there a link for me to look at that info?
Click on the chart so you can see other timeframes
- #16,701
- Jul 2, 2007 6:22am Jul 2, 2007 6:22am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
Click on the chart so you can see other timeframes
- #16,703
- Jul 2, 2007 6:24am Jul 2, 2007 6:24am
- | Joined May 2007 | Status: Trader | 4,716 Posts
Sterling Likely To Face Split MPC Vote Next Week The nine Bank of England MPC members have been testifying to the UK Treasury Committee today.
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> </o>
There were mixed comments from the MPC and there is a strong probability that there will be a split vote at next week’s interest rate decision.
<o> </o>
Judging from the comments, the evidence suggests that two members are highly likely to vote for unchanged rates again this month while there is a also a high probability that three of the four members who voted for an increase in June will also vote for an increase this time.
<o> </o>
This will leave effectively leave the decision in the hands of four members and on current evidence there is a good chance that at least two will vote for a July increase which would be enough to trigger majority support for a rate increase to 5.75%.
<o> </o>
Given expectations of an increase, Sterling should stay well supported ahead of next Thursday’s decision, especially after firm housing data. The UK currency will still struggle to extend gains given that futures markets are already expecting rates to increase to at least 6.0% later this year.
__________________
Tim Clayton
<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o
> </o>There were mixed comments from the MPC and there is a strong probability that there will be a split vote at next week’s interest rate decision.
<o
> </o>Judging from the comments, the evidence suggests that two members are highly likely to vote for unchanged rates again this month while there is a also a high probability that three of the four members who voted for an increase in June will also vote for an increase this time.
<o
> </o>This will leave effectively leave the decision in the hands of four members and on current evidence there is a good chance that at least two will vote for a July increase which would be enough to trigger majority support for a rate increase to 5.75%.
<o
> </o>Given expectations of an increase, Sterling should stay well supported ahead of next Thursday’s decision, especially after firm housing data. The UK currency will still struggle to extend gains given that futures markets are already expecting rates to increase to at least 6.0% later this year.
__________________
Tim Clayton
Give me patience
- #16,705
- Jul 2, 2007 6:58am Jul 2, 2007 6:58am
Sterling Likely To Face Split MPC Vote Next Week The nine Bank of England MPC members have been testifying to the UK Treasury Committee today.
<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o
There were mixed comments from the MPC and there is a strong probability that there will be a split vote at next week’s interest rate decision.
<o
Judging from the comments, the evidence suggests that two members are highly likely to vote for unchanged rates again this month while there is a also a high probability that three of the four members who voted for an increase in June will also vote for an increase this time.
<o
This will leave effectively leave the decision in the hands of four members and on current evidence there is a good chance that at least two will vote for a July increase which would be enough to trigger majority support for a rate increase to 5.75%.
<o
Given expectations of an increase, Sterling should stay well supported ahead of next Thursday’s decision, especially after firm housing data. The UK currency will still struggle to extend gains given that futures markets are already expecting rates to increase to at least 6.0% later this year.
__________________
Tim Clayton
Well, according to this there is a high probability that BoE will increase the interest rate on Thursday. And what about NFP?! Forecast is negative for USD. So...to sum up everything the GBPUSD train won't stop until reaching the North Pole.
Sterling Likely To Face Split MPC Vote Next Week The nine Bank of England MPC members have been testifying to the UK Treasury Committee today.
<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o
There were mixed comments from the MPC and there is a strong probability that there will be a split vote at next week’s interest rate decision.
<o
Judging from the comments, the evidence suggests that two members are highly likely to vote for unchanged rates again this month while there is a also a high probability that three of the four members who voted for an increase in June will also vote for an increase this time.
<o
This will leave effectively leave the decision in the hands of four members and on current evidence there is a good chance that at least two will vote for a July increase which would be enough to trigger majority support for a rate increase to 5.75%.
<o
Given expectations of an increase, Sterling should stay well supported ahead of next Thursday’s decision, especially after firm housing data. The UK currency will still struggle to extend gains given that futures markets are already expecting rates to increase to at least 6.0% later this year.
__________________
Tim Clayton
DISCUSS....
Do you or don't you think that pressure will be applied to defer the inevitable rate increase/s?
Rock and hard place springs to mind.
- #16,709
- Jul 2, 2007 7:24am Jul 2, 2007 7:24am
- Joined Feb 2006 | Status: Pips Pod... | 1,611 Posts
better than expected ISM data but cable inch up?
Im lost here...
- #16,710
- Jul 2, 2007 7:53am Jul 2, 2007 7:53am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
New year high...
- #16,715
- Jul 2, 2007 8:02am Jul 2, 2007 8:02am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
