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  • Bank Rate increased to 2.25% - September 2022

    From bankofengland.co.uk

    The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 21 September 2022, the MPC voted to increase Bank Rate by 0.5 percentage points, to 2.25%. Five members voted to raise Bank Rate by 0.5 percentage points, three members preferred to increase Bank Rate by 0.75 percentage points, to 2.5%, and one member preferred to increase Bank Rate by 0.25 percentage points, to 2%. The Committee also voted unanimously to reduce the stock of purchased UK government bonds, financed by the ... (full story)

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  • Comment #1
  • Quote
  • Sep 22, 2022 7:07am Sep 22, 2022 7:07am
  •  junx0071984
  • | Joined May 2022 | Status: Member | 28 Comments
expected to increase, however USD still the king.
Junx FX Trading Return Today: na
 
 
  • Comment #2
  • Quote
  • Sep 22, 2022 7:09am Sep 22, 2022 7:09am
  •  buffedmage
  • Joined Aug 2022 | Status: Still not a pro in Trading | 74 Comments
Quoting junx0071984
Disliked
expected to increase, however USD still the king.
Ignored
yep
Mostly Scalps and rarely few swings
 
 
  • Comment #3
  • Quote
  • Sep 22, 2022 7:09am Sep 22, 2022 7:09am
  •  Guest
  • | IP XXXX:5664:9bb7
Should the outlook suggest more persistent inflationary pressures, including from stronger demand, the Committee would respond forcefully, as necessary. - HAWKISH
 
 
  • Comment #4
  • Quote
  • Sep 22, 2022 7:09am Sep 22, 2022 7:09am
  •  donroyalfx
  • | Commercial Member | Joined May 2019 | 146 Comments
Yeah let fire fall...we are waiting since
 
 
  • Comment #5
  • Quote
  • Sep 22, 2022 7:11am Sep 22, 2022 7:11am
  •  NotBoris
  • Joined Jul 2019 | Status: Member | 1390 Comments
Big division within BOE, bad.
 
 
  • Comment #6
  • Quote
  • Sep 22, 2022 7:15am Sep 22, 2022 7:15am
  •  jasonandallo
  • | Joined Sep 2021 | Status: Member | 3 Comments
well in tiktok i have an analysis just search my name, "Jason Andallo"
 
 
  • Comment #7
  • Quote
  • Sep 22, 2022 7:33am Sep 22, 2022 7:33am
  •  UnBearybull
  • | Joined Aug 2016 | Status: Member | 599 Comments
Absolute shite. UK is dying.
 
2
  • Comment #8
  • Quote
  • Sep 22, 2022 7:37am Sep 22, 2022 7:37am
  •  charlienaki
  • | Joined Sep 2022 | Status: Junior Member | 1 Comment
increased to 2.25% however GBP/USD to down.someone can explain that?
 
 
  • Comment #9
  • Quote
  • Sep 22, 2022 7:37am Sep 22, 2022 7:37am
  •  keyaForex
  • | Joined Jun 2022 | Status: Member | 67 Comments
Five members voted to raise Bank Rate by 0.5 percentage points, three members preferred to increase Bank Rate by 0.75 percentage points, to 2.5%.....I think GBP will be good for coming days
 
 
  • Comment #10
  • Quote
  • Sep 22, 2022 7:41am Sep 22, 2022 7:41am
  •  DaJoWaBa
  • Joined Sep 2018 | Status: Member | 586 Comments
The activity before the release looked rather as though some players were positioning for the 'surprise' of a 0.75% increase rather than the expected consensus of 0.5%.
 
 
  • Comment #11
  • Quote
  • Sep 22, 2022 7:49am Sep 22, 2022 7:49am
  •  nbfx
  • | Joined Oct 2010 | Status: Member | 1478 Comments
I miss the days of the 'Ken and Eddie show'. (Neophytes will wonder what the hell I'm talking about).

No11 and BOE have a bit of a chinwag, decide what to do - coordinate their efforts et Voila!

Also BOE still regulated the banks (something they were good at) instead of these ponsy acronyms that keep changing to something new every time they F**k up.
 
2
  • Comment #12
  • Quote
  • Sep 22, 2022 8:08am Sep 22, 2022 8:08am
  •  DaJoWaBa
  • Joined Sep 2018 | Status: Member | 586 Comments
Quoting nbfx
Disliked
I miss the days of the 'Ken and Eddie show'. (Neophytes will wonder what the hell I'm talking about). No11 and BOE have a bit of a chinwag, decide what to do - coordinate their efforts et Voila! Also BOE still regulated the banks (something they were good at) instead of these ponsy acronyms that keep changing to something new every time they F**k up.
Ignored
. I'm amused by your first reference to the days of St. George and my beer-swilling, cigar-smoking MP, although I do suspect you're wearing some nostalgic rose-tinted glasses.
However, I can't say that the theory of independence of BOE and the auditors is going much better when they all seem too timid. The very worse situation that even the independents seem to want to deal with is the search for a soft-landing, as if they were politicians frightened to be elected out of a job, which is a bit of an oxymoron.
As we all know, Markets seldom behave rationally.
 
1
  • Comment #13
  • Quote
  • Sep 22, 2022 8:13am Sep 22, 2022 8:13am
  •  NotBoris
  • Joined Jul 2019 | Status: Member | 1390 Comments
Quoting UnBearybull
Disliked
Absolute shite. UK is dying.
Ignored
There looks to be a counter action to interest rate rise tomorrow when thicko truss going to announce cut to stamp duty.

So far, cut in stamp duty has been widely rumoured for the past few days - if it does happen in the mini budget tomorrow, house price looks set to fly higher - worsen the inflation crisis. There will certainly be some short term candy to suck upon but when the sugar goes off, the next generation of ours are simply going to suffer.

And yes, I have long given up any hope on this self-serving tory government we have.

Time to kick all these politicians out...
 
2
  • Comment #14
  • Quote
  • Sep 22, 2022 8:16am Sep 22, 2022 8:16am
  •  nbfx
  • | Joined Oct 2010 | Status: Member | 1478 Comments
Quoting DaJoWaBa
Disliked
{quote} . I'm amused by your first reference to the days of St. George and my beer-swilling, cigar-smoking MP, although I do suspect you're wearing some nostalgic rose-tinted glasses. However, I can't say that the theory of independence of BOE and the auditors is going much better when they all seem too timid. The very worse situation that even the independents seem to want to deal with is the search for a soft-landing, as if they were politicians frightened to be elected out of a job, which is a bit of an oxymoron. As we...
Ignored
I guess there probably is a touch of nostalgia there. But the system kinda worked. But in the final eventuality it was all about the Hush-Puppies...
 
2
  • Comment #15
  • Quote
  • Sep 22, 2022 8:22am Sep 22, 2022 8:22am
  •  nbfx
  • | Joined Oct 2010 | Status: Member | 1478 Comments
Quoting NotBoris
Disliked
Time to kick all these politicians out...
Ignored
Yeah - All 650 of them!
 
2
  • Comment #16
  • Quote
  • Sep 22, 2022 8:31am Sep 22, 2022 8:31am
  •  DaJoWaBa
  • Joined Sep 2018 | Status: Member | 586 Comments
Quoting nbfx
Disliked
{quote} I guess there probably is a touch of nostalgia there. But the system kinda worked. But in the final eventuality it was all about the Hush-Puppies...
Ignored
.
 
 
  • Comment #17
  • Quote
  • Sep 22, 2022 9:29am Sep 22, 2022 9:29am
  •  NotBoris
  • Joined Jul 2019 | Status: Member | 1390 Comments
Quoting nbfx
Disliked
{quote} Yeah - All 650 of them!
Ignored
Not to forget the current spineless Speaker of HOC!
 
 
  • Comment #18
  • Quote
  • Sep 22, 2022 9:29am Sep 22, 2022 9:29am
  •  NotBoris
  • Joined Jul 2019 | Status: Member | 1390 Comments
Quoting nbfx
Disliked
{quote} Yeah - All 650 of them!
Ignored
You ain't advocating for monarchy rule are you - the next gen is already a disaster in itself.
 
 
  • Comment #19
  • Quote
  • Sep 22, 2022 9:50am Sep 22, 2022 9:50am
  •  nbfx
  • | Joined Oct 2010 | Status: Member | 1478 Comments
Quoting NotBoris
Disliked
{quote} You ain't advocating for monarchy rule are you - the next gen is already a disaster in itself.
Ignored
Goodness NO! I wonder if we shouldn't do a national search to find out who would least want to do it. And get those people who absolutely DON'T want the job. I'm sure they'de be rather better than those that do. In many cases they wouldn't be any worse. My definition of a Politician is "Lying, Cheating, Thieving, Backstabbing [email protected]@rd!" so the bar is set very low. I'd like to be proved wrong but sadly....
 
 
  • Comment #20
  • Quote
  • Sep 22, 2022 10:09am Sep 22, 2022 10:09am
  •  NotBoris
  • Joined Jul 2019 | Status: Member | 1390 Comments
Quoting nbfx
Disliked
{quote} Goodness NO! I wonder if we shouldn't do a national search to find out who would least want to do it. And get those people who absolutely DON'T want the job. I'm sure they'de be rather better than those that do. In many cases they wouldn't be any worse. My definition of a Politician is "Lying, Cheating, Thieving, Backstabbing [email protected]@rd!" so the bar is set very low. I'd like to be proved wrong but sadly....
Ignored
There were recently, few that I still have respect of, who either quit or have their whip removed.

But heyho when it comes to power - its usually the case of power which overcome humanity rather than men containing power.
 
 
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  •  Guest
  • | IP X.XXX.72.182
Join MM
    • Older Stories  
    Gold: Price Looking for Direction

    From dailyforex.com|Sep 22, 2022|1 comment

    The Fed said it expects ongoing interest rate increases to be appropriate, while the Fed's median forecast shows rates at 4.6% in 2023. Accordingly, Robert Haberkorn, chief market ...

    Japan MoF Kanda: The size of the FX intervention is normally announced at the end of the month

    From @financialjuice|Sep 22, 2022|6 comments

    tweet at 5:57am: JAPAN MOF KANDA: THE SIZE OF THE FX INTERVENTION IS NORMALLY ANNOUNCED AT THE END OF THE MONTH, SO SEPTEMBER 30TH FOR THIS ONE. tweet at 5:58am: JAPAN MOF KANDA: INTERVENTION ISN'T TARGETING A CERTAIN LEVEL. tweet at 5:58am: JAPAN MOF KANDA: THERE ARE NO PLANS TO SWITCH TO A FIXED-RATE MARKET. tweet at 5:58am: JAPAN'S MOF KANDA: CAN'T COMMENT ON THE SIZE OF THE INTERVENTION AS IT COULD RISE. tweet at 5:59am: JAPAN MOF' KANDA: WE WILL INTERVENE IF THE MARKET MECHANISM IS NOT FUNCTIONING NORMALLY.

    Japan Fin Min Suzuki: FX intervention having intended effects so far

    From @DeItaone|Sep 22, 2022

    tweet at 5:42am: JAPAN FINMIN SUZUKI: FX INTERVENTION HAVING INTENDED EFFECTS SO FAR tweet at 5:45am: JAPAN FINMIN SUZUKI: SHARE VIEW WITH BOJ THAT RAPID YEN WEAKNESS MAKES IT DIFFICULT FOR BUSINESS PLANNING #News #Forex #JAPAN #BOJ #YEN tweet at 5:48am: Japan Finance Minister Suzuki: Won't Comment on Size of Intervention. Decline to Comment on Other Nations' Reactions

    •   Newer Stories
    Low global copper stocks jar with market's downbeat mood: Andy Home

    From financialpost.com|Sep 22, 2022

    London Metal Exchange (LME) warehouses saw 11,200 tonnes of copper arrivals on Tuesday, the largest single-day warranting since June. Inflows have totalled over 35,000 tonnes so ...

    Department of Labor’s emergency unit wins world championship at international competition testing...

    From dol.gov|Sep 22, 2022

    The U.S. Department of Labor today announced the department’s Mine Safety and Health Administration’s “Mine Emergency Unit” bested competitors from around the world and finished ...

    ECB says it has not intervened currency market, denying concerted intervention with Japan - Kyodo...

    From @DeItaone|Sep 22, 2022|2 comments

    tweet at 8:26am: ECB SAYS IT HAS NOT INTERVENED CURRENCY MARKET, DENYING CONCERTED INTERVENTION WITH JAPAN - KYODO QUOTING ECB SPOKESPERSON

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  • Story Stats
  • Posted: Sep 22, 2022 7:02am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 20  /  Views: 6,645
  • Linked events:
    UK Official Bank Rate
    UK Monetary Policy Summary
    UK MPC Official Bank Rate Votes
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