GB Bank of England Interest Rates


Fx News Spike Signals by Crazy Cat, 2018/06/21

Report name: GB Interest Rate Statement
Release Time: 07:00 New York time (EST)
Primary currency pair: GBP/USD
Forecast: 0.50
Prior: 0.50
LT1 (Lower Trigger 1): -0.25 [SELL] (means a 25 bp cut)
UT1 (Upper Trigger 1): +0.25 [BUY] (means a 25 bp hike)
Safety: 1

There are 61 estimates, and all 61 economists expect no change in interest rates this time. Median estimate is 0.50% and the average estimate is 0.50%. One standard deviation is 0.00%.

If they cut to 0.25% or lower ( -0.25 deviation in this case), it would be a great sell signal on GBP/USD but this scenario will not happen.

If they don't change the rates this month (0.00 deviation in this case), I would stay away. Everyone expects it to happen and the price already reflects it.

If they hike the rates from 0.50% to 0.75% (+0.25 deviation), then of course it would be a great opportunity to buy GBP/USD.

Since everyone expects no change this month, most likely it will be a no change and no trade.

As always with interest rates, be careful and don't enter big trade sizes. It's always better to miss a good trading opportunity or make a bit less than wipe out your account in case it doesn't work as expected.

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