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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
Buckle up - it's Super Thursday. There's either going to be a high degree of volatility.....or it will be a storm in a teacup.
Midday sees the Bank of England release a raft of data. The base rate is expected to be hiked 25 points to 5.25%.
With inflation still rampant this looks to be nailed on. However either a hold, or a 50 point hike could have huge implications for the Pound. A hold will see the Pound tumble against other major currencies and a 0.5% hike would see Sterling go off to the races.
There's also the Monetary Policy Committee vote count. This will be closely watched. The expectation is for 7 to 2 in favour of the 25 point jump. Any variance from that could also shift Pound rates.
If that wasn't enough there's also the BoE asset purchase facility news and a speech by the BoE Governor, Andrew Bailey.
Then we turn to the States for their initial jobless claims number and their Institute for Supply Management purchasing managers index for services.
Business news centres on the impact of a potential 14th rate hike by the Bank of England and what that means to households and their mortgage rates.
UK: 12:00 BoE Interest Rate Decision
UK: 12:00 MPC Vote Count
UK: 12:00 BoE Asset Purchase Facility
UK: 12:30 BoE's Andrew Bailey Speech
US: 13:30 Initial Jobless Claims
US: 15:00 ISM Services PMI
As ever we look forward to looking after you and please keep an eye out for our next Insight.
Our friendly currency experts are always on hand to help you. We offer a first class service backed up by an easily accessible online platform to ensure you always have visibility of your transactions.
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