[FOREX NEWS] BOE votes 7:1 – GBP falls

The Bank of England was expected to leave its policy unchanged one month ahead of the UK elections. Last time, one member voted for a rate hike, but a unanimous vote was on the cards now. In addition to the decision, the Bank also releases its Quarterly Inflation Report (QIR). The latter includes forecasts for growth and [...]

The post BOE votes 7:1 – GBP falls appeared first on Forex Crunch.

via Forex Crunch

[FOREX NEWS] GBP/USD slides on poor data ahead of the BOE

The British pound is on the move, not waiting for the BOE’s “Super Thursday”. Sterling is falling as all the figures align to the downside. GBP/USD dropped some 25 pips and trades at 1.2917. The goods trade balance showed a wider than expected deficit: 13.4 billion against 11.7 predicted. Industrial output is down 0.5%, slightly [...]

The post GBP/USD slides on poor data ahead of the BOE appeared first on Forex Crunch.

via Forex Crunch