Forex Signal UK Interest Rate

Posted on June 11, 2010 by Hyouma Sahaku

Hi there

This is Crazy Cat writing.

Thursday, June 10th (07:00 am New York Time) UK

We have UK Interest Rate coming out. It is expected to read 0.5. Last month it read 0.5 as well.

I was going to skip this report, and not send out any emails but I changed my mind. This is highly unlikely we are going to have a signal on this report, but I remember that three or four years ago we also traded this report, and absolutely nobody expected them to hike the rates, yet they did hike the rates by 0.25%. GBP/USD moved up by over 150 pips in a matter of a minute or so. It was a shocking surprise, and I remember that a lot of SNW users drained a lot of money from Oanda and other brokers, especially that Oanda and other brokers did not even wide spreads. Those are moments that you would probably never forget.

So, although it’s 99.9% chance it will be a no trade, there is still slim chance for the rate hike.

I recommend trading GBP/USD for this report.

Please read what this indicator means and how it affects the GBP/USD by going to this link: UK Interest Rate Statement

The trigger


Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>