Glossary
Courses & Webinars
Economic events
Modules
What is being referred to as a "vote"?
Interest rate decisions are made by a committee within the central bank, such as the UK’s MPC and the US FOMC. These members will vote on whether to hike, keep unchanged or cut interest rates. Certain Central banks, such as the Bank of England, made public how many votes each option obtained.
Why is it important to the currency?
To see the effect of interest rate changes, please click on the “rate decision section”. Sometimes central banks may choose a specific form of action, but the number of votes may indicate a change in the future. For example, the Bank of England may decide to hike interest rates by 0.50%, but for the first time in recent months, 2 of its nine members vote against hiking. This be taken as a dovish signal and may cause the currency to decline or limit bullish price movement.
Why is it important to the Stocks?
The Bank of England Votes can only be necessary for UK-based companies and indices such as the FTSE100. UK equities are affected as the UK’s interest rates influence them. If votes indicate that interest rates will continue to rise or start to rise, it will be negative for the stock market. If votes suggest that interest rates will stop rising or start being reduced, the UK stock market may positively react.
➡️ Next event
14. BOE Rate Decisions.jpg
01.11.23
|
12:00
High Impact
BOE Rate Decisions
Assets potentially to be affected:
GBP and FTSE100
🗒️ Latest reports
Bank of England Votes, August 3rd
Bank of England August.PNG
GBPUSD price dynamics
Time
Performance
10 minutes
Down
4 hours
Up
24 hours
Up
Bank of England Votes, June 22nd
Bank of england vote.PNG
GBPUSD price dynamics
Time
Performance
10 minutes
Unchanged
4 hours
Down
24 hours
Down
Bank of England Votes, May 11th
Bank of England May.PNG
GBPUSD price dynamics
Time
Performance
10 minutes
Up
4 hours
Down
24 hours
Down

Copyright © 2023 – All rights reserved.

NAGA is a trademark of The NAGA Group AG, a German based FinTech company publicly listed on the Frankfurt Stock Exchange | WKN: A161NR | ISIN: DE000A161NR7.

The website is owned by The NAGA Group AG and operated by NAGA Capital Ltd which is authorised and regulated by the Financial Services Authority Seychelles (FSA) under licence No. SD026. The registered address of CT House, Office 9A, 2nd Floor, Providence, Mahe, Seychelles.
Tel: +2482574498

The group also includes NAGA Global (CY) Ltd, with registered address at Nikokreontos 2, NICE DREAM, 6th floor, Flat/Office 601, 1066, Nicosia, Cyprus. NAGA Global (CY) Ltd is wholly owned by The NAGA Group AG.

RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. This is not investment advice. Trading with NAGA Trader by following and/or copying or replicating the trades of other traders involves high levels of risks, even when following and/or copying or replicating the Lead Traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Before making an investment decision, you should rely on your own assessment of the person making the trading decisions and the terms of all the legal documentation.

Restricted countries: NAGA Capital Ltd does not provide services for the residents of certain countries, such as Afghanistan, Albania, American Samoa, Anguilla, Australia, Austria, Barbados, Belarus, Belgium, Benin, Bermuda, British Indian Ocean Territory, Bulgaria, Burkina Faso, Canada, Cayman Islands, Central African Republic, Christmas Island, Cocos (Keeling) Islands, Congo, The Democratic Republic of the, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Falkland Islands (Malvinas), Finland, France, Germany, Gibraltar, Greece, Guam, Haiti, Heard Island and McDonald Islands, Hungary, Iceland, Iran, Islamic Republic of, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Korea, Democratic People's Republic of, Latvia, Libyan Arab Jamahiriya, Liechtenstein, Lithuania, Luxembourg, Mali, Malta, Montserrat, Mozambique, Myanmar, Netherlands, New Zealand, Norfolk Island, Norway, Palestinian Territory, Occupied, Pitcairn, Poland, Portugal, Romania, Russian Federation, Saint Helena, Ascension and Tristan Da Cunha, San Marino, Senegal, Serbia, Slovakia, Slovenia, Somalia, South Georgia and the South Sandwich Islands, South Sudan, Spain, Sri Lanka, Sweden, Switzerland, Syrian Arab Republic, Trinidad and Tobago, Tunisia, Turks and Caicos Islands, Uganda, Ukraine, United Kingdom and any other countries where the citizens have British proof of identity (i.e. British Virgin Island, Gibraltar, Isle of Man etc.), United States, U.S. Minor Islands, Vanuatu, Virgin Islands, British, Virgin Islands, U.S., Yemen, and Zimbabwe.