A high-profile meeting of the Bank of England (BOE) will dominate the headlines on Thursday, giving stock and currency traders the latest reading on monetary policy. Meanwhile, check out the 8 February GBPUSD Intraday Technical Outlook to see how the pair trades.
8 February, HotForex – The Bank of England (BOE) will release a triple whammy of data today – the interest rate decision at 12:00 GMT, minutes from the monetary policy committee (MPC) meeting and the quarterly inflation report. Billed as “Super Thursday”, the event usually has a long-term impact on GBP/USD.
8 February GBPUSD Intraday Technical Outlook (+Video)
Sterling in Focus – The BoE is widely expected to leave the repo rate at 0.5% and QE totals unchanged, while the meeting is likely to mark a sea change in approach after BoE Governor Carney last week forewarned that the central bank is beginning to turn its focus to a more conventional stance of limiting inflation.
This article about 8 February GBPUSD Intraday Technical Outlook was written by Stuart Cowell, Market Analyst at HotForex. The provided article is a general marketing communication for information purposes only. It does not constitute an independent investment research. Nothing in this communication contains an investment advice or an investment recommendation. It also does not contain a solicitation for the purpose of buying or selling of any financial instrument.
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