The Pound is keeping positive momentum. Overview for 13.09.2018
On Thursday, GBPUSD resumed growing; the BoE meeting had no surprising results.
The British Pound continues rising against the USD on Thursday afternoon. The current quote for the instrument is 1.3063.
The September meeting of the Bank of England was quite standard. The key rate was left unchanged unanimously at 0.75% and none of the BoE members said anything about the rate hike in the future. If looks like it may happen not often and pretty slowly.
In the following comments, the regulator noticed that “trade wars” between the USA and China might have more negative consequences that it seemed at first. In addition to that, right now investors can feel tensions in trade relations between the USA and Canada as well.
When it came to the Brexit, the British regulator believed that financial market would be ready by the time the UK exited the EU. Investors and businesses have no idea how everything will evolve, that’s why they are quite careful and cautious.
In fact, the Bank of England didn’t’ tell investors anything new, so the British Pound managed to keep its positive momentum.
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