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Radical Changes Expected at Bank of England

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The Bank of England’s (BoE) rate decision on Thursday marks the start of a key week in the tenure of new governor Mark Carney with some analysts expecting “radical changes.”
The U.K.’s central bank is expected to keep its main interest rate at 0.5 percent on Thursday, according to a Reuters poll, and only one investment bank – Investec – believes it will add to its current £375 billion ($574 billion) quantitative easing (QE) program.
But analysts are not taking anything for granted. At its last rate decision on July 4, the BoE, nicknamed the Old Lady of Threadneedle Street, released a surprise statement about future policy on what was Mark Carney’s fourth day at the helm.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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