{"id":12861,"date":"2010-09-09T08:20:16","date_gmt":"2010-09-09T12:20:16","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=12861"},"modified":"2010-09-09T08:20:16","modified_gmt":"2010-09-09T12:20:16","slug":"gbp-in-the-spotlight-with-asset-purchase-facility-and-official-bank-rate","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/09\/09\/gbp-in-the-spotlight-with-asset-purchase-facility-and-official-bank-rate\/","title":{"rendered":"GBP in the Spotlight with Asset Purchase Facility and Official Bank Rate"},"content":{"rendered":"<p><strong>By Greg Holden<\/strong> &#8211; The EUR has been falling against a number of its currency rivals over  the past day-and-a-half due to a sudden rise in risk aversion. However,  yesterday\u2019s successful debt auction in Poland and Portugal helped add a  minor boost to the 16-nation single currency. The US Federal Reserve\u2019s  Beige Book release also highlighted a growing stagnation in US economic  growth, fueling a large number of concerns worldwide.<\/p>\n<p><em>Today\u2019s major economic releases<\/em>:<\/p>\n<p><strong>11:00 GMT: GBP \u2013 Official Bank Rate<\/strong><\/p>\n<p>Great Britain is due to release its interest rate figure today, with  high volatility being forecast as a result. Even though expectations are  for interest rates to be held steady today, the announcement coincides  with the Asset Purchase Facility update and a subsequent rate  announcement which provides further details on the state of the British  economy. This makes today an important day for GBP traders and many  investors may want to be on the lookout for intense volatility.<\/p>\n<p><strong>12:30 GMT: USD and CAD \u2013 US and Canadian Trade Balance Reports<\/strong><\/p>\n<p>Both the US and Canada are scheduled to publish their trade balance  figures today. These figures report on the difference between imports  and exports in each nation\u2019s economy, and have a direct correlation with  supply versus demand. As a result, the USD and CAD will likely see high  volatility, and potential growth if positive numbers are released.<\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                             may not be        suitable     for     all            investors.       There    is  a                           possibility           that             you     could            sustain a    loss       of  all     of       your                        investment and                  therefore  you               should     not          invest          money    that     you                 cannot        afford to             lose.  You              should     be         aware     of        all       the       risks                associated      with          Foreign           Exchange              trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Greg Holden &#8211; The EUR has been falling against a number of its currency rivals over the past day-and-a-half due to a sudden rise in risk aversion. However, yesterday\u2019s successful debt auction in Poland and Portugal helped add a minor boost to the 16-nation single currency. The US Federal Reserve\u2019s Beige Book release also &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/09\/09\/gbp-in-the-spotlight-with-asset-purchase-facility-and-official-bank-rate\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GBP in the Spotlight with Asset Purchase Facility and Official Bank Rate&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-12861","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=12861"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12861\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=12861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=12861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=12861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}