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Sterling may struggle to maintain gains in the short term

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Yesterday the Bank of England unsurprisingly left interest rates on hold as they voted 8-1 to leave policy unchanged. The only dissenter was Ian McCafferty who asserted that a likely rise in inflation justifies an immediate increase in interest rates. The committee acknowledged the slowdown in China and increased geo political tensions however they were not overly concerned and overall they expect the pick-up in inflation to rise only gradually. It is now apparent that rates will remain lower

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