Forex Analysis & Reviews: 24.09.2021 - Bank of England raises...

Live Chat

InstaForex Loprais Team - Dakar rally的正式参与者

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

Become Trader

开户

另见

交易条件

外汇分析

图表

This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.

Start as Beginner

如何开始交易

有用信息

Training and recordings

InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.

Become Investor

PAMM 系统

外汇跟单系统

被动投资

OYS 帐户

Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.

Become Partner

主页

合作伙伴区域

同盟的优势

This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.

All Promo Campaigns

Bonuses

比赛

事件

Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.

Full details

论坛

我们在社交网络

外汇幽默

外汇门户

InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

Learn More

History

为什么选择我们

InstaSport

法规

公司新闻

奖项

InstaForex 明星

InstaForex 线下

Headquarters

关键文件

的社会责任

InstaForex洛普莱斯队 - 达喀尔拉力赛的正式参与者

24.09.2021 09:58 AM

Bank of England raises interest rates, but maintains bond purchase program

Pound rallied on Thursday after the Bank of England said they will raise interest rates in November. They will do so to contain inflation, which is projected to exceed 4% amid rising energy prices.

Several events played a key role in reinforcing the desire of committee members to act more aggressively. In a statement from the Monetary Policy Committee (MPC), the central bank said they believe that any tightening should start with an interest rate hike, even if that looks impractical since the bond purchase program will not be completed until the end of this year. Two of the nine MPC members pushed for an early end to all purchases, with Dave Ramsden voting no for the first time in four years.

There were talks after the meeting over how the central bank can implement a rate hike while maintaining the quantitative easing program. Many view the move as preposterous because if money continues to flow like a river, it will be very difficult to fight against a fairly high inflation. In any case, there will be another MPC meeting on November 4.

There is no doubt though that the Bank of England needs to work very hard to contain inflation. Just last month, it jumped to 3.2%, which is beyond the target value. Fortunately, current support measures can now be curtailed since according to the latest data, the labor market has improved greatly, especially in terms of job growth.

Analysts forecast inflation to exceed 4% in the last three reporting months due to growing energy prices. The rise in gas prices, which has caused turmoil in the UK energy markets, will pose a significant risk to inflation growth. MPC noted that consumer price growth could even double the target until the second quarter of 2022.

But despite all the prerequisites for a tighter landing of the British economy, only two representatives of the Bank of England voted to cut the bond purchase program. Deputy Governor Dave Ramsden joined Michael Saunders in voting to reduce the target for government bond purchases from £ 875 billion to £ 840 billion. The other seven members voted to keep the existing program.

As for the interest rate, MPC members unanimously left it unchanged at 0.10%, but cut the growth forecast for the third quarter of 2021 by 1%.

With regards to macro statistics, the IHS Markit reported that composite PMI in the UK grew at the slowest pace in September, mainly due to shortage of materials and labor, which constrained business activity and increased inflationary pressures. The index fell to 54.1 points, from 54.8 points last month.

Going back to GBP/USD, a lot depends on 1.3650 because climbing above it will provoke a further rise to 1.3696, 1.3760, 1.3840 and 1.3910. But if the bears manage to push the pair below the level, price will plunge to 1.3615.

你今天已经点赞上这篇文章了

*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。

If you have any content questions, please contact editorial-board@instaforex.com

Fundamental analysis

该作者的更多文章

电子邮件订阅

EURUSD

Euro vs US Dollar

选择时间框架

分钟

小时

天

周

开始交易

通过InstaForex赚取加密货币汇率变动的收益。

下载MetaTrader 4并开启您的第一笔交易。

推荐文章

美元/日元。分析與預測

歐元/美元。分析與預測

USD/CAD：分析與預測

市場出現回落

市場焦點緊盯美聯儲貨幣政策會議（比特幣和#NDX潛在增長機會）

GBP/USD 概覽 – 5月6日：特朗普針對電影產業發起行動

歐元/美元概覽——5月6日：抗議唐納·川普的活動繼續進行

5月6日需要注意什麼？新手必看的基礎事件分析

美聯儲降息的可能性幾乎為零

美元拋售無減速跡象

Top analytics