Bank of England brought forward policy rate announcement from 12:00 am GMT to 7:00 am GMT. It was widely expected that the UK central bank would boost the size of the asset purchase programme but some media outlets hinted that negative rates may be on the table. Announcement showed that the Bank made a unanimous decision to leave rates unchanged at 0.1%. However, asset purchases were increased from 745 billion GBP to 875 billion GBP (exp. 845 billion GBP). GBPUSD jumped from around 1.2940 to 1.2990 on the release.
Meanwhile, US elections remain undecided but it looks increasingly likely that Biden will take over the White House.
GBPUSD jumped towards 1.2990 handle after BoE rate decision. Source: xStation5
Daily summary: Peace agreement draft lifts the market
BREAKING: Mixed PMI from US
SpaceX IPO set for next month, as Nvidia shares, peace deal hopes and weak PMI data dominate sentiment
Significant Weakness Following PMI Releases from France and Germany. ECB Hike Under Threat?
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
