Victor Golovchenko Mulls the Ramifications of a BoE Interest Rate Change

The overwhelming consensus behind the Bank of England’s monetary policy is that interest rates will not change soon – a finality that seems to be reinforced by today’s minutes that corroborated these feelings.

Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates’ own Victor Golovchenko appeared today on Dukascopy TV to discuss the relative likelihood or potential for the Bank of England’s interest rate change.

Mr. Golovchenko strongly believes that no such changes are slated in the near future, a stance that seems to have gained some relative traction amongst currency traders, which saw the GBP/USD bounce off the 1.5033 mark (July 2013 lows) during European trading Thursday.