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We provide investors with valuable alternatives in the Forex marketplace. These include innovative educational opportunities, comprehensive research, superior analytical tools and state-of-the-art electronic trading capabilities.Tomorrow is the release of the BOE rate policy meeting minutes which may show the willingness for further accomodative monetary policy to offset the shrinking fiscal policy measures undertaken through government austerity.   The economic data has been coming in somewhat weaker,


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Tomorrow is the release of the BOE rate policy meeting minutes which may show the willingness for further accomodative monetary policy to offset the shrinking fiscal policy measures undertaken through government austerity.   The economic data has been coming in somewhat weaker, though not alarming enough to cause major action.

Inflation in the UK had remained elevated, with the last reading clocking in at 4.5% which is more than twice the BOE target of 2%.  Will the BOE continue to get away with heightened inflation in the face of a declining economic picture.  While the public backlash has been muted considering what has taken place in other parts of the world, at some point citizens may say enough is enough.

Yet this formula seems to be working, and the Pound (GBP) has been selling-off in orderly fashion.  If its not broken, don’t fix it so the BOE may overtly seem to be dovish, but may do little as far as being extra accomodative unless the economic data really comes in worse.  Nevertheless, I expect a continued decline in the Pound to perhaps 1.55 vs. USD by tomorrow.

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