Live Coverage: Bank of England may provide more certainty after budget, US elections, GBP/USD to rock
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CLAIM OFFERSuper Thursday is here – apart from an expected 25bps cut, the Bank of England publishes fresh forecasts. These follow the ambitious UK budget and the consequential US elections. Will Governor Andrew Bailey and his colleagues signal many more cuts? Live coverage.
Join FXStreet Premium to ask our analysts questions live, leverage actionable analysis and get Gold and signal alerts.
Bank of England has fewer excuses not to rock the boat
The Bank of England (BoE) is set to slash borrowing costs by 25 bps, its second cut in this cycle. Investors will be watching the voting pattern among members of the Monetary Policy Committee (MPC), with a broad majority expected in favor of the move.
What makes this BoE decision a "Super Thursday" is the publication of the Monetary Policy Report (MPR). The bank's quarterly document includes forecasts for growth and inflation, and is famous for its "fan charts" – a range of outcomes. Will this range narrow now?
Britain's new Labour government released its budget plans, which included borrowing, taxes, and investment. How does it impact future policy? Any clarity would rock GBP/USD.
Moreover, Governor Andrew Bailey will meet the press, and will sure be asked about the implications of Donald Trump's reelection as US President. While he will likely dodge such questions, American policies impact the British economy – and the BoE.
Live financial market coverage
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Super Thursday is here – apart from an expected 25bps cut, the Bank of England publishes fresh forecasts. These follow the ambitious UK budget and the consequential US elections. Will Governor Andrew Bailey and his colleagues signal many more cuts? Live coverage.
Join FXStreet Premium to ask our analysts questions live, leverage actionable analysis and get Gold and signal alerts.
Bank of England has fewer excuses not to rock the boat
The Bank of England (BoE) is set to slash borrowing costs by 25 bps, its second cut in this cycle. Investors will be watching the voting pattern among members of the Monetary Policy Committee (MPC), with a broad majority expected in favor of the move.
What makes this BoE decision a "Super Thursday" is the publication of the Monetary Policy Report (MPR). The bank's quarterly document includes forecasts for growth and inflation, and is famous for its "fan charts" – a range of outcomes. Will this range narrow now?
Britain's new Labour government released its budget plans, which included borrowing, taxes, and investment. How does it impact future policy? Any clarity would rock GBP/USD.
Moreover, Governor Andrew Bailey will meet the press, and will sure be asked about the implications of Donald Trump's reelection as US President. While he will likely dodge such questions, American policies impact the British economy – and the BoE.
Live financial market coverage
FXStreet covers major economic releases in a live blog format, to provide readers an instant verdict of the data, rapid analysis of key assets, and, for Premium members, the ability to ask our experts questions in real time.
FXStreet Premium
FXStreet Premium provides subscribers access to analysts, exclusive actionable analysis, signals, Ed Ponsi's webinars, trade plans, and a bullish/bearish indicator for Gold on critical events. Join FXStreet Premium here.
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