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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
Good morning,
Super Thursday is here again.
The UK releases its interest rate decision, asset purchase facility and we get to see the Monetary Policy Committees (MPC's) vote on the interest rate decision where analysts are expected 9 to 0 in favour of a 0.25% increase.
Analysts are expecting a 0.25% increase to the base rate taking the number to 0.75%. This is the number that is currently priced into the markets. Anything either side will have big repercussions. If we get a 0.5% hike then the Pound should gain versus the Dollar and the Euro and by the same token if the rate remains at 0.5% then expect the Pound to drop.
Please bear in mind it's unlikely we will see anything other than a 0.25% inrease.
Yesterday saw the FED increase their rate to 0.5% as expected.
The Pound is starting to gain versus the Dollar in what's seen as a "risk on" approach by traders as the Ukraine crisis headlines start to move off the front pages. This means the safe haven of the Dollar is being seen as less necessary. However a big story from that area could change things sharply.
Against the Euro it's more or less status quo ahead of the glut of information out later.
As ever we look forward to keeping you in the loop and look out for our next update.
Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.
Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.
Today’s Economic Calendar
UK: 12:00 BOE Interest Rate Decision
UK: 12:00 Asset Purchase Facility Update
UK: 12:00 MPC Vote Count
UK: 12:00 Monetary Policy Summary
JPN: Friday 03:00 BoJ Interest Rate Decision
As ever we look forward to keeping you in the loop and look out for our next update.
Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.
Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.
