BoE wary of Brexit – GBP/USD wobbles

Apr 14, 2016 at 7:55 AM EDT

No surprises from the BoE: a unanimous decision to leave rates unchanged. The BoE did mention the risks of a Brexit: it adds to uncertainty.

No surprises from the BoE: a unanimous decision to leave rates unchanged. The BoE did mention the risks of a Brexit: it adds to uncertainty. They were dovish also by saying that there are headwinds and that the uncertainty may already weigh on growth in the first half of 2016. While the Bank of England is in theory neutral over the referendum, it seems they have a clear opinion against the UK leaving the EU.

GBP/USD wobbled around but basically did not go anywhere.

(Click on image to enlarge)

GBPUSD April 14 2016 BOE wary of Brexit

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