Don’t waste your time – keep track of how NFP affects the US dollar!

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store

Get

Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

61.29% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

Trading
Analytics & Education
About Us
Connect to live chat
Big Event for GBP: Bank of England’s Statement

Big Event for GBP: Bank of England’s Statement

Information is not investment advice

What will happen?

The Bank of England will hold a meeting on Thursday at 14:00 MT time (GMT+3). It will affect the British pound significantly and as a result such pairs as GBP/USD, EUR/GBP, and GBP/JPY. The central bank’s members will share their thoughts over the current economic conditions in the UK and their plans to change the policy.

Why is it important?

The Bank of England sooner or later should start tightening the policy. Traders are watching closely the central banks’ actions as any hints of a soon tightening will send the British pound soaring. More importantly, last week, BOE Governor Andrew Bailey hinted that half of the Monetary Policy Committee members agree that the necessary conditions for policy tightening were met.

Last time, the Bank of England left the policy unchanged and it pressed the GBP down by 210 points.

2.png

How to trade on BOE Statement?

  • If the BOE claims that tightening comes sooner than expected, the GBP will jump.
  • Otherwise, drop.

Check the economic calendar

Instruments to trade: GBP/USD, EUR/GBP, and GBP/JPY.

LOG IN

FBS Analyst Team

FBS Analyst Team

More by this author

Similar

Popular

Choose your payment system

Visa
Mastercard
Maestro
Wire Transfer
Skrill
RAPID Transfer
NETELLER

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later