The BoE’s upbeat forecasts triggered an aggressive short hedging move around GBP / USD. The Bank of England showed limited enthusiasm and rejected negative rate expectations. Sustained buying of USD could prevent bulls from placing bets and limit gains for the pair. The pair GBP/USD It built on the strong post-BoE recovery move and shot […]
Tag: BOE
Risks to the economic outlook have become more bilateral
Following the Bank of England (BoE) decision leaving the policy rate and the Asset Purchase Facility unchanged at 0.1% and £ 895bn, respectively, BoE Governor Andrew Bailey is providing his comments on the policy outlook. Key statements “The risks to the economic outlook have become more bilateral.” “It is not easy to come up with […]
Zero bank rate will represent less operational challenge than negative – Woods
Bank of England (BoE) official Sam Woods said Thursday that responses from banks showed that a zero bank rate would represent less of an operational challenge than a negative interest rate, as reported by Reuters. “The Prudential Regulation Authority (PRA) will collaborate with banks in developing short-term solutions to implement any rate below zero,” added […]
EUR / GBP plummets to nine-month lows at 0.8780 after BoE announcement
The EUR / GBP has lost about 60 pips immediately after learning that the Bank of England reduced the possibility of introducing negative interest rates in its monetary policy statement. The pair has fallen from the 0.8835 / 40 zone where it was trading before the news to the region 0.8780, marking a nine-month low. […]
GBP / USD soars after BoE meeting and rises to 1.3650 area
Bank of England kept monetary policy unchanged as expected. It gave signs that negative interest rates, not for now, giving a strong boost to the pound in the market. The GBP / USD rose almost a hundred pips in a few minutes after the Bank of England (BoE) decision. What made the pound rise strongly […]
Bank of England maintains monetary policy and no signs of negative rates
The pound appreciates after the BoE statement. Unanimous vote to leave monetary policy unchanged. They expect strong recovery in 2021 of the economy. As expected, the Bank of England (BoE) announced that it left monetary policy unchanged after the meeting of the Monetary Policy Committee. The interest rate remained at 0.1% and the purchase program […]
Forex Today – Asian Session: Dollar Holds Most Weekly Gains As Busy Calendar Approaches
What you need to know on Thursday, February 4: Most of the major pairs are consolidating this Wednesday, with the dollar retaining most of its weekly gains. The dollar fell modestly, still supported by hopes for a new US stimulus package. Democratic senators moved forward with a coronavirus aid package, with the goal of passing […]
GBP / USD gives up a significant portion of intraday gains, slightly rising around the 1.3675 area
GBP / USD struggled to capitalize on its positive intraday move above 1.3700. Rising U.S. bond yields helped reignite demand for USD and limited the pair’s gains The decline appears muffled as the focus remains on the next meeting of the Bank of England. The pair GBP/USD It fell around 40 pips from the daily […]
GBP / USD rises to daily highs and looks to extend momentum above 1.3700 level
The renewed selling bias around the USD helps GBP / USD regain positive traction on Tuesday. The optimistic sentiment prevailing in the market weighs on the safe-haven USD. The rise appears limited as the focus remains on the Bank of England’s monetary policy meeting on Thursday. The pair GBP/USD has risen to new daily highs […]
The image on the smartphone screen can be felt with your hands
The Chinese company BOE has patented a new type of display that will allow visually impaired people to perceive images. Despite the development of information display technologies, electronic devices with braille are very expensive and limited in the type of content displayed. If the latest BOE patent is implemented in a commercial device, the situation […]