Prior 0.10%
- Bank rate votes 0-0-9 vs 0-0-9 expected
- Gilts purchases £875 billion
- Corporate bond purchases £20 billion
- Total asset program £895 billion (unchanged)
- Existing stance of monetary policy remains appropriate
- Financial markets have remained resilient
- GDP is projected to recover rapidly towards pre-virus levels over 2021
- Vaccine rollout is assumed to lead to an easing of virus-related restrictions
- Outlook for the economy remains unusually uncertain
- CPI inflation is expected to rise quite sharply towards the 2% target in the spring
- Does not intend to tighten monetary policy at least until there is clear evidence that significant progress is being made in eliminating spare capacity and achieving the 2% inflation target sustainably
Further Development
Analyzing the current trading chart of EUR, I found that the sellers are very consistent and in full control, which is sign that selling power is much stronger then demand power.
Key Levels:
Resistance: 1,2060
Support levels: 1,1930 and 1,1810.
