domenica, novembre 12, 2006

Giovedì 09/11/2006 - GBP Interest Rate Statement

Data e ora dell'evento: giovedì 09/11/2006 2:00pm (GMT+2)

The central bank's governing body, the Bank of England (BOE) Monetary Policy Committee, releases an Interest Rate Statement each month. The statement contains the latest decision regarding changes to the nation's short term interest rate ("Bank rate"). A rising trend has a positive effect on the nation's currency. Short term interest rates are the paramount factor in currency valuation; traders look at most other indicators merely to predict how interest rates may change in the future. What makes interest rates so important is that high rates attract foreigners looking for the best "risk-free" return on their money, which significantly increases demand for the nation's currency. The primary objective of the central bank is to achieve price stability; when inflation rises above an annualized rate of approximately 2%, they will respond by raising interest rates in an attempt to bring prices down. This is what makes inflation-predicting indicators so important. Traders know that rising prices will lead the central bank to raise interest rates, which ultimately leads to a more valuable currency.

Actual: 5.00%
Forecast: 5.00%
Previous: 4.75%

Il dato fornito è stato in linea con le previsioni degli analisti. Nel grafico EUR/GBP che segue, la riga gialla identifica l’ora esatta dell’evento: il grafico EUR/GBP evidenzia un trend impostato moderatamente al rialzo nei successivi 20 min (+ 10 pips). Il trend rimarrà impostato al rialzo anche nei minuti successivi.

posted by mizuno @ 12:54 PM