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Fundamental Analysis
Market Analysis by Vistabrokers
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[QUOTE="Vistabrokers, post: 86167, member: 32993"] [b]Vista Brokers: BOE Decisions Met with Expectations[/b] [img]http://s017.radikal.ru/i432/1507/9f/91cc6b675948.jpg[/img] On Thursday, the British pound was strengthening against the US dollar prior to the release of the Bank of England decisions on the monetary policy. Vista Brokers analysts note that the British central bank has left its key interest rate unchanged - 0.50%, as well as the amount of asset purchases - 375 billion. These decisions are fully in line with expectations. Recall that the Bank of England's interest rate remains at 0.50% since March 2009. Although market participants do not expect from the "old lady" any decisive steps in the near future, they are still looking for some hints that the central bank will gradually tighten its monetary policy. Perhaps some signals can be seen in the minutes of today's meeting, which will be published on July 22. The first reaction of GPB / USD on decisions of the Bank of England was a decline from 1.5385 to 1.5377. European stock markets are rising today. The British FTSE 100 has increased by 1.1%, the EURO STOXX 50 - by 1.8%, the French CAC 40 – by 1.75%, the German DAX – by 1.65%. [/QUOTE]
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