Company News – Bank of England meeting: trading forecast for pound

Bank of England meeting: trading forecast for poundDear traders,

this Thursday, on August 2nd at 11am GMT Bank of England meeting will be held to make decision on interest rate.

Bank of England is the central bank of the United Kingdom, which sets key interest rates for financial markets of the country and influences monetary policy of the Kingdom.

FreshForex analyst tells what to expect from this meeting:

“Analysts predict that Central Bank of Great Britain is likely to raise interest rate by 0.75% for the first time since last November. We also recall that approximately 8 months are left till Brexit. That is why statements of top government officials will be extremely cautious, and any harsh statement or resignation of key political figures may cause sharp fluctuations in market.”

Monitor closely the situation on market together with FreshForecasts and earn on the key economic events!

Bank of England meeting: trading forecast for pound