WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Bank of England Left Interest Rate and QE Policy Unchanged

Posted by Chris Advincula on Jun 6, 2013 7:37:00 AM

June 6 Thursday 11:40 GMT

LONDON – The Bank of England’s Monetary Policy Committee left its interest rate unchanged at 0.5 percent today as widely expected and its quantitative easing policy of asset purchases unchanged at 375 billion pounds. The pound was little changed after the BOE MPC announcement. Cable held steady to firm and rose to 1.5465 from 1.5450.

The U.K. Halifax House Prices rose +0.4% in May, slightly higher than the median forecast of +0.2% while the previous month was +1.1% in April.  The housing price inflation is picking up and activity is improving.

The 21-day moving average rose to 1.5455 from 1.5395 while the 90-day moving average rose to 1.5443 from 1.5395 as well.

 

Chris Advincula

WorldWideMarkets

 

stg.6.6 resized 600

Chart: FXTrek.com

 

Tools & Educational Resources

Forex 101LEARN MORE >>
Learn the basics of Forex and how to practice trading the markets.

GlossaryLEARN MORE >>
Confused by the language? Click here and search for key trading terms.

FAQ CenterLEARN MORE >>
Browse our frequently asked questions and find your answers right away.

VideosLEARN MORE >>
Access to the educational lessons, webinars and platform walkthroughs.

READY TO TRY THE MARKETS?

Get started with a FREE $10,000 Demo Account and experience the Forex Market RISK FREE!