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Bank of England's interest rate decision

Tomorrow at 11:00 GMT, the Bank of England will announce the interest rate decision. The event is expected to affect the British pound currency pairs' dynamics. "The Old Lady," known for her conservatism regarding the monetary policy, will likely keep the rate at 0.25%. Investors anticipate that the assets purchase facility will remain unchanged as well (435 billion pounds).

However, the CPI statistics of the third quarter create an intrigue for the British pound bullish speculation. As a result, the quantitative easing program termination is something one may expect. The regulator may give a hint to its plans in a traditional monetary currency report, and we should take into consideration these hints!

Time, GMT

Currency

Event

Forecast

Previous

11:00

 

11:00

 

11:00

GBP

 

GBP

 

GBP

Bank of England rate decision

 

Bank of England asset purchase facility



 Bank of England monetary policy report

0.25%

 

£435 bln

0.25%

 

£435 bln

 

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