This Thursday, on December 14th at 12 noon 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 analysts tell what to expect from this meeting:
“BoE will leave the rate unchanged but may announce possibility of a rate hike in early 2018. Inflation in November reached the level of 3.1%, which is the highest since April 2012. Considering growth of energy commodities prices we may expect increase of inflation in Great Britain, which will cause rate hike. That is a positive signal for pound. Trading signals: on Thursday consider buying GBP/USD, EUR/GBP, GBP/JPY.”
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