Hi ,

7:00am UK BOE Interest Rate     0.50%(E)   0.50%(P)   0.25%(S)   50M
7:00am UK APF (QE Program)       200B(E)    200B(P)     25B(S)   50M
   
E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)

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NEWS TRADING

Thu September 9, 2010

[7:00am NY Time]

BOE (Bank of England) will be rendering its interest rate decision
today, and it should provide strong volatility in the market if 
BOE's final decision is a surprise, here's the forecast:

UK Official Bank Rate Forecast 0.50% Previous 0.50%
APF (Asset Purchasing Facility) Forecast 200B Previous 200B
ACTION: GBP/USD BUY 0.75% (Rate) SELL 225B (APF) 

The Trade Plan
In the extremely unlikely event BOE hikes rate to 0.75%, we'll buy
GBP/USD immediately on a spike trade. Because of the level of this
surprise, I think we'll see a strong trend change for GBP in the 
next few weeks, so we should BUY and keep a small portion for larger
gains...

On the other hand, if we get a surprise increase in the APF or 
better known as quantitative easing, it would send a bearish signal
to the market, and we should SELL GBP/USD immediately.

For a more detailed analysis including Market and Pre-News, please
visit my blog:

http://www.henryliuforex.com/2511/forex-trade-plan-for-boe-interest-rate-decision-090910/

Thanks,



Henry Liu