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Focus of the Day: BoE Rates and U.S. Jobless Claims

June 7, 2007 (Last updated on November 29, 2009) by

Bank of England voted to maintain its Bank Rate (interest rate) at 5.50% level — unchanged. It wasn’t a surprise for Forex traders, but there was a slight possibility of interest rate hike from the BoE, so results are more bearish for the pound. From the United States the Initial Jobless Claims data for the previous week came — 309,000 against 315,00 expected — good result which moved EUR/USD back below 1.3450 level returning to the bearish trend.

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