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The pound held steady in nearly three weeks The silver resolution focus on three big attraction

By Ricardo Nelson,2015-05-01 20:40
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The pound held steady in nearly three weeks The silver resolution focus on three big attraction

    The pound held steady in nearly three weeks The

    silver resolution focus on three big attraction

    nearThe bank of EnglandResolution, investors were cautious, on Thursday (December 10) time in EuropeThe poundAgainst theThe dollarHeld steady at around 1.5177;Beijing 20:00The BritishThe central bank will release rate resolution as well as meeting minutes, at present the market expected the central bank will keep interest rates unchanged, but the meeting minutes or will reveal more information about the bank of England's monetary policy in the future, or will affect the pound against the dollar.

    Sterling hours figure

    The bank of England on November 5, maintaining monetary policy unchanged, and cut in the next two years economic growth forecasts and short-term inflationary expectations, the market expected the current loan interest rates likely to remain until the end of 2016.

    Reuters latest survey shows that the bank of England is expected in the second quarter of 2016 for the first timeIncreases in interest rates25 basis points to 0.75%, in line with previous findings);"Out of the UKThe European Union"Whether or not the referendum is the greatest threat to the UK economy, is expected in 2016, the British quarterly GDP growth of 0.5% to 0.5%.

    Although the market expected the bank of England will keep interest rates unchanged this week, but investors need to focus on other information revealed in its resolution.

    Concerns a: vote proportion, the bank of England on November 5, as expected in a ratio of 8:1 stability;The resolution vote proportion change could not;But if the percentage change of accident, and then suggests that the bank of England's stance may change.

    Concerns two: the bank of England's view of Britain's economic growth and inflation.The bank of England last time resolution, the country's 2015 GDP growth forecast from 2.8% to 2.7%, in 2016 GDP growth forecast from 2.7% to 2.5%, but the 2017 GDP growth forecast from 2.6% to 2.7%.If the resolution of the bank of England's view of Britain's economic growth and inflation change, or will affect the market's expectations of the bank to raise interest rates of time.

    Concern 3: the bank of England for the first time the wording of the plan.The bank of England officials may reveal their opinion for the first time, is likely to affect the market's expectations of a move, and can lead to currency fluctuations.

    Royal bank of Scotland (RBS) research team, said the bank of England is expected to not change interest rates.The bank pointed out that November inflation report shows that monetary policy committee (MPC) is in no hurry to raise policy rates,The federal reserveOpen market committee meeting will be held in a week later, so the MPC position may be more cautious.On a broader level, it considers the market sentiment has common expectations the bank of England's monetary policy committee will "follow" the federal open market committee (FOMC), short-term spread will be negative for pound against the dollar.

    Sterling daily chart

    From the day on the chart, sterling thwarted by the 1.52 mark, measuring 1.52 on the future again or mark, if 1.52, or will further decline channel measurement on rails 1.5263, and on November 20, high of 1.5335;Below the support at 1.51 mark, 1.50 mark and low of 1.4956 on December 9.

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