Pound pending BoE and Scottish election results

LONDON (awp/dpa) – The pound sterling was close to equilibrium on Thursday, the day of monetary policy decisions for the Bank of England (BoE), but on election day in Scotland, two events could shake the British currency.

Around 9:10 a.m. GMT (11:10 p.m. in Paris), the pound was stable against the dollar (-0.03% to $1.3901) and fell 0.28% against the euro to 86.58 pence.

“The focus is primarily on the pound sterling”, specified CMC Markets analyst Michael Hesson on Thursday, highlighting the Bank of England’s (BOE) monetary policy meeting.

The latter should keep its key rate unchanged, but may be more optimistic about recovery thanks to advances in vaccination and the lifting of health restrictions.

The BoE will publish its inflation forecasts along with its quarterly report on the economy, along with its Monetary Policy Committee’s decision on rates at noon (11:00 GMT).

“The economic recovery that is taking shape in the United Kingdom is certainly encouraging and justifies that the bank is slowly coming out of emergency mode”, explains Markets.com’s Neil Wilson, who although his policy Doesn’t see any changes. month of september

“No change in monetary policy is expected” by either Mr Hewson or most analysts.

Neil Wilson also invites people to “monitor” the results of local elections in the United Kingdom, particularly in Scotland where separatists are expected to win to pave the way for a new referendum on self-determination.

Such a win “could set the pound back,” warned Hewson.

The single European currency, for its part, filled delays deposited a day earlier after US Treasury Secretary Janet Yellen’s comments on a possible hike in interest rates by the US Federal Reserve (Fed) strengthened the greenback. .

The euro rose 0.27% against the greenback at $1.2038.

                         Cours de jeudi         Cours de mercredi

                        

                            09H10 GMT                   21H00 GMT

EUR/USD                         1,2038                   1,2005

EUR/JPY                         131,48                   131,10

EUR/CHF                         1,0961                   1,0961

EUR/GBP                         0,8658                   0,8633

USD/JPY                         109,22                   109,21

USD/CHF                         0,9107                   0,9130

GBP/USD                         1,3901                   1,3905

AFP / LK