Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

InstaForex Bonuses

InstaForex Bonuses

Today, the key event for the British pound was the decision of the Bank of England on interest rates, which is expected to remain unchanged. However, there was no change in the GBP/USD pair, which continued to trade through the weekly highs on this decision.

The comments of the UK regulator also had no effect and had no impact on the markets, as they were quite predictable and justified.

According to the minutes of the Bank of England meeting, the key interest rate remained unchanged at the level of 0.75%. It should be noted that the number of votes for retaining the key rate unchanged was 9 versus 0, which indicates a unified view of the Bank of England's representatives on the future policy. None of the votes was given for raising or lowering the interest rate.

Exchange Rates 14.09.2018 analysis

The Bank of England's planned asset purchases also remained unchanged.

Judging by the statements made after the publication of the interest rate decision, the regulator expects further tightening of the policy to return to the target inflation rate of 2%.

It is worth noting that the current economic dynamics in the UK, corresponds to the August forecasts, which allows you not to delay increasing interest rates. The only problem is the Brexit situation. The Bank of England is also concerned about the situation in the financial markets, which signals even greater uncertainty about Brexit.

The Central Bank is also confident that the risks to world economic growth have increased, as measures to trade between the US and China will have a negative impact along with trade disagreements with Canada.

The British pound began to lose its positions won at the beginning of the European session after a statement was made that further increases in interest rates are likely to be gradual and limited.

From all that has been said, we can conclude that the Bank of England does not intend to hurry up with the tightening of the policy, although for this there are all grounds. The main problem remains the situation with Brexit, whose solution will allow the regulator to build longer-term plans and consider the monetary policy course in a completely different direction.

As for the technical picture of the GBP/USD pair, the buyers still need a breakthrough of the large resistance at 1.3080, only above this will be possible to speak with confidence about the formation of a new upward movement with the update of the highs in areas of 1.3170 and 1.3260.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Eder Anderson,
Analytical expert
InstaForex Group © 2007-2019
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.