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Interest Rate Decision and MPC Meeting Sure to Cause Volatility This Afternoon (Daniel Johnson)
This afternoon will see the simultaneous release of the Interest Rate Decision, The MPC minutes and the inflation report. Previously there was an almost two week difference between each release so the new format could cause quite a stir on the exchange.
The MPC’s nine members vote on whether there should be a rate change. If there is a majority the rate change will come into place. Today I would expect to see 1-2 members vote for a hike which could well cause further strength. Personally I think it is very premature as a rate hike would just aggravate the problems with our exports due the high value of Sterling.
Thank you for reading today’s Blog, I would greatly appreciate any feedback you have and would take pleasure in replying personally. I am more than than happy to assist you with any of your currency requirements. Feel free to e-mail me on [email protected] or call on 01494 787 478 and ask for Daniel Johnson.
Source: http://www.eurorateforecast.com/2015/08/06/interest-rate-decision-and-mpc-meeting-sure-to-cause-volatility-this-afternoon-daniel-johnson/
