Forex Signal (Thu, April 08, 07:00 EST) UK Interest Rate

[Crazy Cat]

Hi there

This is Crazy Cat writing.

Thursday, April 08th (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 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: https://www.forexpeacearmy.com/fore...riptions/7395-uk-interest-rate-statement.html

The trigger for this indicator is 0.25. This means that if UK Interest Rate comes out at 0.75 or more, GBP/USD will probably go up by 100 pips or more in the first 45 minutes of the report. If it comes out at 0.25 or less, GBP/USD will probably go down by 100 pips or more in the first 45 minutes of the report.

Don't expect any changes, however. So most likely it will be a no trade. But you never know... I remember about two years ago nobody expected a change, yet they changed, and people made over 100 pips...

Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.

To read after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...atement-after-spike-retracement-strategy.html

For example: on November 6th, 2008, UK Interest Rate came out at 3, versus an expectation of 4. GBP/USD went down by over 150 pips in the first 4 minutes of the report. See for yourself what happened by seeing this chart: Forex news trading currency exchange charts

I highly recommend you study the entire history and charts of this report by following this link:
Forex News Trading | Details and History for GBP Interest Rate Statement

Good luck,
-Crazy Cat

 

[West Coast Pips]

Hey Crazy Cat

Can you give us the economists' prediction breakdown on this interest rate release as you did for RBA? Thanks.

 

[Rich In NC]

UK Interest Rate

How is the UK Interest Rate monitored to get in
on the possible rate change. 45 minutes is not much time.

 

[Forex69]

Dear Crazy Cat,

why don't you trade also the data on Asset Purchase Facility out of the UK at 7:00 am today with a trigger of 25 (condition on GBP/USD: buy if lower and sell if higher), assuming that the interest rate is not changed or is not in conflict?

I saw that triggers of 25 vs forecast in the UK APF moved the market significantly in the past.

Thank you.