Sterling boosted by Bank of England meeting


The early hours of today saw the Bank of England hold off from any further interest rate cuts and further stimulus, meaning rates have been kept steady at 0.1% and no increases have been made to the purchasing programme.

Sterling’s immediate reaction to this has been positive as the bank kept rates unchanged from it’s all time low and left its target for bond-buying at 645 billion pounds.

Despite this, two out of the nine policymakers broke ranks and voted for an increase in its bond buying programme.

May 13th – 12pm BST – Join our live webinar on ‘Managing Currency Exposure during Covid-19’ at https://zoom.us/j/98412333269

Key announcements 

10:00 – GBP – BoE Governor Bailey Speech
13:30 – USD – Initial Jobless Claims (May); expected to fall from 3839k to 3000k
15:00 – EUR – ECB President Lagarde Speech

Why choose RationalFX?

Based in the heart of London’s financial district Canary Wharf, RationalFX has traded over $10billion in currencies across the globe. Take advantage of our competitive exchange rates, market expertise, suite of FX products and online payment platform when you make bank to bank transfers in over 50 currencies worldwide.

Whatever your reason for making overseas payments, we’re confident our currency specialists can save you time and money while providing peace of mind. Call our team now on: +44 20 7220 8181