Currency markets await key Interest rate decision form Bank of England’s MPC
Disclaimer: THIS MATERIAL IS NOT INVESTMENT RESEARCH AS DEFINED BY THE FINANCIAL SERVICES AUTHORITY
The Monetary Policy Committee meets on Nov 6 to decide on interest rates. Analysts are expecting a 50 basis point cut to 4%, however the rate cut could be as much as 1%.
Previously, UK Policy makers cut rates on 8th October in-line with other major central banks.
Sterling is beginning to see a bounce against some of the major currencies however it is still under pressure against commodity currencies.
Monday 03 November 2008, 11:25am
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