Jump to content
Sign in to follow this  

BoE interest rate decision 2nd August

Recommended Posts

This is it. We’re looking at a near 80% odd expectation of a rate rise despite many thinking that it may not be the best course of action in the long run. 

What are people’s expectations of the August rate hike? Likely to happen for good reason, or really for the BoE MPC to save face? Continued slow rate rises are needed I’m sure... but doesthe data support it? 

Second rate rise in 10 odd years. One thing’s for sure the banks are going to make bank (pun intended) if this comes through. Could be worth getting on the sector ETFs and short term stock swings. Steeper futures curve, better profitability on consumer debt / mortgages etc, whilst not as much of a pay out on banking interest, and latency in clients switching to bigger and better bank accounts. 

So where do we think things are heading? 

Good ida for a rate rise? 

GBPUSD and EURGBP estimates? 

  • Like 1

Share this post

Link to post

When the public sector get a pay rise from UK taxpayers money then that is normally an inflationary sign! LOL?

Interest rates are used as a tool to combat inflation. If interest rates rise then that will generally be considered as an acceptance of inflationary pressures on the UK economy. With Brexit uncertainty looming it certainly will be an interesting decision. 

Share this post

Link to post

Can the BoE normalise the economy (steady inflation and a healthy interest rate) before the next recession when it will need to lower interest rates? Certainly can't do that from here.

  • Great! 1

Share this post

Link to post

I would take Sentance over Blanchflower any day and the 'Carney face save' we have seen before when on nothing more than referendum 'fears' he lowered rates to 0.25% in Aug 2016, a mistake (imo) that he would not correct til late 2017. That's a whole year of a growing economy being stifled by ultra low rates. 

Share this post

Link to post

Expectations are starting to come in on this one. If anyone else sees others please feel free to post. :) Useful to read through in detail so when the announcements are made you are in the best possible position. 




  • Thanks 1

Share this post

Link to post
Guest Charlie

Thanks jamesig for that. The question I have is how much does the Fed decision have an impact on these things? Or is the decision basically known now basis UK Data? 

Share this post

Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
    • Total Posts
    • Total Members
    Newest Member
    Joined 14/12/19 04:57
  • Posts

    • Hi all, been up and running and watching from the side lines. Thanks for putting the list up early as I made my own list from the gap scanner from ideas but you seemed to have more plus alot of the tickers I could not trade on IG but jumped on TG Therapeutics at 973 and took some money from that. Then jumped back in at 1059 and she plummeted and my heart just sank. I managed to ride it back up to 1053 and got out with a small profit of £20. Should have put my stop in but am still learning to get out quick . I was so lucky it went back up. Thought I was going to be on a bad loss because I didn't get out early enough. I find that if you only gain a small amount each day its better that going hard at it and loosing.  Still got loads to learn. Anyway cant wait till monday.  Great content and look forward to next week. Have a great weekend.
    • Is it safe to come out now?