26.01.2016 - At the moment, there is no reason to raise interest rates of the Bank of England

Today, the Bank of England’s Governor Mark Carney made a statement in which he noted that inflation in the United States justifies the tightening of monetary policy in the country. In addition, he noted that the situation with the risk in the UK is normalized and credit growth has a positive effect on the economy. In order to increase the interest rate in the UK according to Mark Carney is needed an economic growth above trend and an increase in salaries in the country. As a result, at the moment the Bank of England does not see the prerequisites for raising interest rates, which is negatively displayed on the price of the British pound, which according to our forecast will reach 1.4000 in the near future.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.