{"id":89642,"date":"2016-05-13T06:47:31","date_gmt":"2016-05-13T10:47:31","guid":{"rendered":"http:\/\/countingpips.com\/?p=89642"},"modified":"2016-05-13T06:47:31","modified_gmt":"2016-05-13T10:47:31","slug":"bank-of-england-holds-rates-pound-steady","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/05\/bank-of-england-holds-rates-pound-steady\/","title":{"rendered":"Bank of England holds rates, pound steady"},"content":{"rendered":"<div id=\"inves-4153441260\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">May 13, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>Sterling jumped to a six-day high against the dollar on Thursday after Bank of England policymakers voted unanimously to keep interest rates unchanged.<\/p>\n<p>The 9-0 vote by BoE monetary policy committee members to keep rates at a record low 0.5 percent was good news to investors who were concerned that there could have been some dovish voters who might vote in favour of a rate cut.<\/p>\n<p>BoE Governor Mark Carney held a press conference after the policy meeting and said that Brexit would be the most significant risk to UK growth and inflation forecasts.<\/p>\n<p>In its quarterly inflation report, published simultaneously with the rate decision, the BoE stepped up warnings about the economic risks of a Brexit, saying sterling could weaken and unemployment would probably rise.<\/p>\n<p>But it also said the economy would fully recover from the damage if Britain voted on June 23 to stay in the EU.<\/p><div id=\"inves-1827516128\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>The BoE cut its growth forecast for this year to 2.0 percent from 2.2 percent in February, reflecting how uncertainty about the referendum is already weighing on the economy.<\/p>\n<p>By Friday, the pound was trading at $1.4437, having reached a high of $1.4532 on Thursday. Against the euro, the pound strengthened to 78.46 pence, its strongest in nine days, before easing to 78.75 pence by Friday.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime Sterling jumped to a six-day high against the dollar on Thursday after Bank of England policymakers voted unanimously to keep interest rates unchanged. The 9-0 vote by BoE monetary policy committee members to keep rates at a record low 0.5 percent was good news to investors who were concerned that there could [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-89642","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=89642"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89642\/revisions"}],"predecessor-version":[{"id":89654,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89642\/revisions\/89654"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=89642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=89642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=89642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}