OctaFX | OctaFX Forex Broker
Open trading account
Back

All roads lead to BoE’s policy decision today – Westpac

FXStreet (Delhi) – Research Team at Westpac, suggest that market participants focus in today’s session will be Bank of England as it announces its policy decision today.

Key Quotes

“While the market and forecasters are confident that there will be no change in rates, we will see from the minutes today if the vote split is still 8-1.”

“Governor Carney will be a panellist at a CNN debate on the global economy. The ECB account of the September monetary policy meeting will also be released. These accounts have not been market-movers to date.”

“We also see the FOMC September meeting minutes. The Fed left rates on hold, though forecasters were split in expectations for a hike. The decision last time was considered close, with the Committee “see[ing] the risks to the outlook for economic activity and the labor market as nearly balanced” but were concerned about “global economic and financial developments”. The non-voting hawks should also be given more prominence in the minutes.”

Switzerland Unemployment Rate s.a (MoM) came in at 3.4%, above forecasts (3.3%) in September

Switzerland Unemployment Rate s.a (MoM) came in at 3.4%, above forecasts (3.3%) in September
Read more Previous

Gold deep in the red, around $ 1143

Gold prices failed to withstand the heavy gains seen after the poor NFP results from the US and dropped almost $ 10 from the fresh two-week high levels reached on Wednesday at 1152.90.
Read more Next
Start livechat