Official Bank Rate (GBP) – 06/11

What is it? It checks the change in the interest rate at which the BOE lends to financial institutions overnight.

Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future.

When? November 6th at 7:00am Eastern Time.

 

Trading Tip: If the number is higher than the forecast, you can expect the GBP to rise.

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