Likely to be the last qualifying result in the pound exchange rate sterling to the emergence of crack largest in the MPC, since it increases the imported inflation risks but repeated the Bank of England's former position may weigh on the exchange rate, it appears Governor Mark Carney is urgent to normalize monetary policy .
Risk: negative scenario
Release
Expected
Real
Altsniei- monthly production (November)
0.1%
-0.4%
Average weekly earnings, except Alklaat- quarterly (October)
2.3%
2.0%
Almsthlk- annual price index (November)
0.1%
0.1%
It is possible to pay the slow production associated with the low price / wage growth the Bank of England to adopt wait-and-see approach during the first half of 2016, the pound has been facing additional headwinds over the coming months in the case of the Central Bank threw light on the cautious outlook for the region.
Outlook: positive scenario
Release
Expected
Real
NIESR GDP estimates in December Alajamali-
-
0.6%
Retail sales excluding fuel Auto-Month (November)
0.5%
1.7%
Change function-month (October)
150K
207K
However, it is likely that the Bank of England seems less cautious this time, following the approach of full employment more than the British economy, the pound may test near-term rebound in the coming days if the Committee discussed the normalization of monetary policy sooner option.
How To Trade This Event
Sterling traded in accordance with the negative scenario: repeat the same scenario amid the Bank of England to adopt wait-and-see approach
We need to see a red candle for 5 minutes immediately after the release, so as to make sure of the direction of prices before entering the sale of the pound sterling / US dollar sites
If the reaction of markets supported the sale of Sterling, you must sell the British pound / US dollar according to two separate locations
You must specify the stop-loss near the top of the swing / at a reasonable distance from the entry price points; looking to get a percentage of Mkhatr- gains of up to 1: 1 at least
Must move stops down to the opening price on the site remaining when they reach the main objective, to determine with reasonable profit-taking is
Sterling traded in accordance with the positive scenario: The Committee reduced the cautious tone in light of the low value of the pound sterling
We need to see a green candle for 5 minutes immediately after the event, so as to make sure of the direction of prices before entering the buy sterling / US dollar sites
Follow the same strategy that has been pursued for sites selling the pound sterling laid out above, just in reverse.
Potential Price Targets For The Release Levels
It continues the prevailing bearish channel since September in conjunction with the negative conformation at the level of the RSI making the prospects for the pound sterling / US dollar negative, and the pair faces the danger of losing the progress recorded as of April bottom (1.4565) in the case of the Bank of England kept its policy unchanged.
Trading SSI's Daily FX Azarmahr crowds continue to enter the retail purchase of the pound sterling / US dollar positions since November 19, but the rate continues to stay away from the extremities to the center of shrinking 1.26, with the entry of 56% of traders are long positions.
The concentration of the interim resistance at the 1.4860 level (78.6%) down to 1.4910 (61.8%)
Seen temporary support at 1.4290 (78.6%) down to 1.4310 (61.8% expansion)
The impact of the benefit of the Bank of England's decision on the pound sterling during the previous meeting
the month
Release date
Expected
Issued
The market moves (hours after the event)
The market moves (at the end of the trading day following the release)
December 2015
12/10/2015 11:00 GMT
0.50%
0.50%
-45
-19
December 2015- Bank of England Interest Rate Decision
The benefit of the Bank of England produced a new split decision by 8 to 1, with Ian Makkavirta the fact that the only dissident, since the Commission is waiting "entrench sustainable pressures in local costs" in order to start normalizing monetary policy. Although the estimate of the monetary policy committee emergence of "solid growth" in the British economy, it seems as though Governor Mark Carney is still urgent to increase the benchmark interest rate from the record-survival after prices / wages very low growth. Sterling struggled for cohesion following the release of the rate decision, with falling sterling / US dollar pair pound to below 1.5150 area but failed to maintain the decline during the North American session and ended the day at 1.5158.
