GBP interest rate statement

well i have to say...this week has been very good so far, starting from the US ISM report, GBP PMI, and AUD employment report. Do people think we should bother trying to trade tomorrow's two interest rate statements or just wait for NFP. Will there be enough of volatility. I can understand the EUR, b/c there is so much difference of opinion on whether the rate will be increase or not, so there will be some reaction, but how bout the GBP?? thoughts anyone...

There's NO difference of opinion on whether the ECB will hike or not (they will) nor is there a difference of opinion on whether the BofE will hike or not (they won't) so the market won't move. The big market mover is the Trichet press conference.

Do you know whether there will be a big move on the interest rate statement? Anybody?

hey guys i changed the title of this thread to be just GBP, we have a thread already about the ECB statement...

http://www.forexfactory.com/forexfor...ad.php?t=11002

well that was a dud! LOL

News Release
Bank of England Maintains Bank Rate at 5.0%

7 December 2006

The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 5.0%.

The minutes of the meeting will be published at 9.30am on Wednesday 20 December.

Note to Editors

The previous change in Bank Rate was an increase of 0.25 percentage points to 5.0% on 9 November 2006.

What a market mover indicator this ECB ...

well i guess we have to wait for the ECB in 40 minutes, no way that one will be a dud.

btw, if you notice, the BOE statement is very short, barely says anything at all. thats why sometimes, when everyone is on the same side of the fence (like today, everyone thought rates would hold), we get a dud.