The typical/expected impact on GBP pairs is high.
The consensus forecast for BoE MPC Vote Rate Cut is 2. A higher value than forecast tends to be bullish for xxx/GBP pairs and bearish for GBP/xxx pairs.
The most recent announced value for BoE MPC Vote Rate Cut was 5 against a forecast of 5.
Recent economic data has been moderately bullish for GBP. Other recent announcements which may affect the market's interpretation of the next BoE MPC Vote Rate Cut result:
| Country: | United Kingdom |
|---|---|
| Currency: | GBP |
| Source: | Bank of England |
| Category: | Central Banks |
| Frequency: | Irregular |