London RationalFX

RationalFX : Sterling boosted by BoE meeting

RationalFX: The early hours of today saw the Bank of England hold off from any further interest rate cuts and further stimulus, meaning rates have been kept steady at 0.1% and no increases have been made to the purchasing programme …

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Sterling’s immediate reaction to this has been positive as the bank kept rates unchanged from it’s all time low and left its target for bond-buying at 645 billion pounds.

Despite this, two out of the nine policymakers broke ranks and voted for an increase in its bond buying programme.

Key Announcements10:00 – GBP – BoE Governor Bailey Speech

13:30 – USD – Initial Jobless Claims (May); expected to fall from 3839k to 3000k

15:00 – EUR – ECB President Lagarde Speech

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