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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.
All market talk for the Pound centres on tomorrow.
Midday sees the Bank of England roll its sleeves up.
A rate cut of 25 points to 4% seems nailed on.
However the vote count prediction has changed this week.
Initially it was anticipated that 8 members of the MPC would vote for a cut and 1 for no change.
That's now changed to 7 to 2. Still a complete majority, but sheds some light on the tightrope the BoE is walking right now.
The annualised inflation rate of 3.6% is the elephant in the room....but that's being weighed against a sluggish economy.
So expect potential volatility tomorrow, and it's always worth considering de risking ahead of any announcement.
As ever the team here at Regency FX are here to talk you through these scheduled events and to offer you any information we've come across.
Business news covers the other, almost nailed on story. The potential for tax hikes in the Autumn.
EUR: 10:00 Retail Sales
UK: Thursday 12:00 BoE Interest Rate Decision
UK: Thursday 12:30 BoE Governor Speech
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.
