Pound strengthens after BoE leaves interest rates on hold

GBP

Interest Rate Statement

5.25%

5.25%

5.25%

Previous IR:5.25%, Consensus:5.25% , Live data output:5.25%.

So the BoE leave the Interest Rate on hold.The pound strengthened after the Bank of England's Monetary Policy Committee left its key Bank rate on hold at 5.25 pct.The price move for around 40-50 pips only due to the announcement already predicted.Most have forecast that the next move lower in interest rates will come in May -- by which time the BoE will have the detailed forecasts in the May Inflation Report to fall back on. As for the Eur IR announcement will come in another 15 minutes. This news (again) bring the GBP-JY up..but not to bad as I have close my order1=+25 pips, second order=-31 pips.Yes still in a negative result overall but after that the geppy rally to 207ish.:).Ok..I'll update the Euro Interest Rate later.Stay tuned.

Source: ThomsonFxHub and Forex Factory

Tomorrow we have a very special report, live on scene, exclusive from the Trade Floor, dont miss it!! ( He he he Im sorry..Im just curious how does it feel to be a financial reporter like our beautiful Erin Burnet ( a Barbie ) of CNBC Channel or my fave..Maria Baltimore ( a Real tempting eye ) of CNBC Channel.Guess... I can do it in any given moment like this, at least better than Chantal Della Concetta or even Najwa Shihab from Metro TV chicks (ROFLMAO)- IHMO...anyhow..(losing my focus here, pardon me) the News is about the monster of Fundamental..called NFP ( Non Farm Payroll)...I say this is the only news that catch my attention as the other catch my money-no joke. So let see what is NFP all about.

What is the non-farm payroll report?

Of all the world monthly economic reports, the monthly US NFP report is the most highly anticipated and has the most dramatic impact on the currency market. The report, which is released on the first Friday of each month and states the previous month’s numbers, provides detailed industry data on employment, hours and earnings of workers on nonfarm payrolls ( the whole industry except from farming). These numbers are the best way to gauge the current state of the US market as well as the direction that the economy is heading. What’s more, the employment numbers provided by the report are used by the Fed to shape their interest rate policies. The health of the US economy and interest rates translate to the strength or weakness of the US dollar.So be ready fellas :P as the pips may join your bank.

Cheers up.

Update on Eur:

EUR

Interest Rate Announcement

4.00%

4.00%

4.00%

Same as the GBP-USD..the ECB (European Central Bank) hold the IR.:) The funny thing is there is a solid rumor on the sky that the FED ( US Central Bank) will cut the IR for another 75 basis to avoid the economy collapse on stock market and other financial sector ( Im smile as i think the American authority somehow is full of pride that can cost them siphon billion of money).So about the GBP and EUR hold the IR, I guess it's a silent statement that could be interpret as "US economy problem is their problem not ours". deliver by those two Central Bank.IMHO.Again Mr.Bust says "Our economy still strong, safe and sound"..following with a niche close...."at least until I step down". Yes reader..you can smile now.

Another Cheers.