Rate is expected to remain @ 0.5% = long
The Bank of England is expected to keep both its key interest rate and the amount of the bond-purchase program unchanged for another month, and will likely turn into a non-event for the Cable in the absence of surprises.
The GBP/USD currently trades at the 1.6840 zone, 0.08% below its opening price, although from a wider view the pound has so far managed to cling to positive ground for the week after 4 consecutive losses.
The Bank of England is expected to keep both its key interest rate and the amount of the bond-purchase program unchanged for another month, and will likely turn into a non-event for the Cable in the absence of surprises.
The GBP/USD currently trades at the 1.6840 zone, 0.08% below its opening price, although from a wider view the pound has so far managed to cling to positive ground for the week after 4 consecutive losses.