GBP Interest Rate

December 1, 2008 by: forexwatch

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Forex News this Week

For this week the focus will be on the Non Farm Payrolls. However, there are several others Fundamental News that will have a strong impact on GBP and the USD. These are:

BOE Interest Rate Decision

This BOE Interest Rate Decision will be at 12.00 GMT on Thursday, the 4th. December. This monthly meeting of the BOE will decide on the monetary policy of UK and after the meeting the policy decisions are announced. For this month meeting the BOE is expected to reduce the Interest Rate to 2.00%. You can expect this Interest Rate cut give a very strong impact on GBP and GBP related currency pairs.

Fed Chairman

Fed Chairman Bernanke Fisher will be speaking at 16.15 GMT also on Thursday, the 4th. December on Housing and Housing Finance. Watch out the USD and USD related pairs.

Non Farm Payrolls

The Non Farm Payrolls report will be announced at 13.30 GMT on Friday, the 5th. December.

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