This is going to be an important week for the British Pound. Let’s first start with the Bank of England (BoE) monetary policy statement. (BoE Governor Mark Carney; courtesy of wikipedia) The statement was short and unsurprising. The bank maintained its bank rate at 0.5% and its the stock of its asset purchase program at £375 billion. The more important event risk this week will be the quarterly inflation report to be released on Wednesday (5/13). We […]
