Here we are....Super Thursday. First is the Bank of England interest rate decision. Analysts have predicted another hike. This time of 0.5% taking the base rate to 1.75%. Following the 0.75% hike in the States this looks nailed on. What could be interesting is the Monetary Policy Committee (MPC) rate count. Analysts are expecting a unanimous 9 to 0 vote in favour of 0.5%. Let's see what happens.
This hike looks to have been priced into the Pound already as rates have tracked generally sideways over the last 24 hours.
However it's not just the interest rate decision out today. There's also the BoE asset purchase facility out, the BoE monetary policy report, a speech by the BoE's Huw Pill and finally a speech by the BoE Governor, Andrew Bailey. What a day.
And if that wasn't enough there's jobless claims out from the US later and the Halifax gives us it's house price data at breakfast tomorrow. Could be an interesting 24 hours.
Today’s Economic Calendar
UK: 12:00 BoE Interest Rate Decision
UK: 12:00 BoE Monetary Policy Report
UK: 12:00 BoE Asset Purchase Facility
UK: 12:00 MPC Vote Count
UK: 12:15 BoE Huw Pill Speech
UK: 12:30 BoE Governor Speech
US: 13:30 Jobless Claims
UK: Friday 07:00 Halifax House Prices
As ever we look forward to keeping you in the loop and look out for our next update.
Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.
Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.
© 2022. RegencyFX Ltd. All rights reserved. *Third party fees may apply.
Payment services for RegencyFX Ltd are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: The Steward Building 1st Floor, 12 Steward Street London E1 6FQ.
The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199). In the US Currency Cloud operates in partnership with CFSB. CFSB fully owns the bank program and services are provided by The Currency Cloud Inc.
Payment services for Regency FX Ltd are provided by Sciopay Ltd. Sciopay Ltd is a company incorporated in England & Wales. Registration No: 12352935. Sciopay Ltd is licensed and regulated by HMRC as a Money Service Business (MSB).
License No: XCML00000151326. Sciopay Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution. Firm Reference Number: 927951