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The Bank of England will be releasing their interest rate decision today and by all predictions we are going to see the rates be kept on hold. At the last interest rate decision there was a 9-0 vote against raising interest rates however with the UK growth becoming stagnant and unemployment rife the only option the BoE seem to have is another round of QE. Quantative Easing explained simply is when a central bank injects money into the economy by buying bank debt in the hope they will start lending to businesses and individuals therefore getting the wheels turning and the economy growing. My major concern is in the last 2 rounds of QE the banks haven’t really increased their borrowing which has caused the economy to remain stagnant.

With these uncertain economic times please get in touch with me at asp@currencies.co.uk and I’ll explain the different contract types we have available to avoid being subject to these volatile markets.