The Bank of England's (BOE) rate statement is due at 12:00 GMT while the European Central Bank (ECB) press conference is expected at 13:30 GMT. While both banks are expected to keep their interest rates at their current level, the statements should provide an insight to the current economic conditions as well as economic outlook for the near future. The BOE is expected to increase its quantitative easing program.
The Dollar traded near its lowest level in a week against the EUR after the Federal Reserve kept borrowing costs near zero. The F... ( read more )
Posts Tagged with ‘BOE’
August 20, 2009 - The BOE Shows Doubt over Short-Term Recovery
Yesterday's bearish behavior by the GBP was felt by many traders as the Bank of England's (BOE) Monetary Policy Committee (MPC) released the minutes from a recent meeting regarding interest rates and quantitative easing. There was a hint of dissension among the policymakers with some calling for a greater extension of the quantitative easing program which ended up pumping an additional 50 billion Pounds into the UK market recently. Fears over weak inflationary growth and market downturns have some MPC members lobbying for more aggressive measur... ( read more )
August 6, 2009 - BOE and ECB Rates Expected Today
The Bank of England (BOE) and the European Central Bank (ECB) are set to release their policy statements regarding short-term interest rates at 11:00 and 11:45 respectively today. These announcements always generate heavy market volatility and forex traders should be on guard today, ready to capture these fantastic money-making opportunities! [caption id="attachment_1832" align="alignright" width="137" caption="ECB Rates On Tap"][/caption]
The U.S. Dollar fell on Wednesday toward its lowest point this year versus the EUR, giving up gains ste... ( read more )