A strong dollar slowed GBP / USD’s advance above 1.3700 last week, say analysts at MUFG Banks. They estimate that the new policy statement from the Bank of England (BoE) will be key in determining whether the recent bullish trend in the British pound extends further in the short term. Key statements: “Market participants have […]
Tag: BOE
EUR / GBP falls to multi-month lows near the 0.8800 level
A combination of factors triggers new selling around EUR / GBP on Monday. The euro is affected by the ECB’s attempts to manipulate the common currency. Decreasing the odds of a BoE rate cut benefits the British pound and contributes to the pair’s selling bias. The EUR/GBP moves with a negative bias at the start […]
Irish company Solas OLED complains to ITC about BOE and Samsung Electronics
Chinese display panel maker BOE Technology Group said yesterday that an investigation by the US International Trade Commission (ITC) would not have a significant impact on the company’s current production and operations. The company plans to follow the investigation, actively negotiate with the relevant parties, and vigorously defend its legitimate rights and interests. An investigation […]
Haldane expects coronavirus leave to continue to “control unemployment”
Bank of England chief economist Andy Haldane has said that Covid recovery may be more complicated than financial crisis. It also says that expects coronavirus leave to continue to “control unemployment”. In additional comments, Haldane has said that the central bank is prepared to allow inflation to temporarily exceed its 2% target, but that any […]
The bulls expect a sustained move above the 1.3600 level
GBP / USD gains strong positive traction on Tuesday and recovers further from the two-week lows. Bank of England Governor Andrew Bailey downplays the negative rate speculation and provides a strong boost to the GBP. The current strong rally in US bond yields continues to prop up the USD and limit gains. The pair GBP/USD […]
A strong positive move stops near the downtrend line resistance
GBP / USD gains strong positive traction on Tuesday and regains the 1.3600 level. Bank of England Governor Andrew Bailey downplays speculation about negative interest rates and boosts the British pound. The bulls await a sustained move above a downtrend line before opening new positions. GBP / USD has built on the previous day’s bounce […]
EUR / GBP falls to lows of more than a week, below 0.8950, following Bailey’s comments
EUR / GBP witnessed strong selling for the fourth day in a row on Tuesday. Bank of England Governor Andrew Bailey downplays speculation about negative rates and boosts the British pound. A weaker USD benefits the common currency, which could help limit deeper losses in the EUR / GBP. A sudden spike in demand for […]
Broadbent says the pandemic has depressed inflation slightly less than anticipated
Bank of England (BoE) Deputy Governor Ben Broadbent said Tuesday that the coronavirus pandemic has depressed inflation slightly less than they anticipated when it started, as reported by Reuters. Additional comments: “Huge increase in public debt protected household income of the fall in national income observed in the first half of last year “. “Today’s […]
Bailey does not believe covid will cause structural change in the UK economy
“I don’t think covid causes a structural change in the UK economy“said the Governor of the Bank of England (BoE), Andrew Bailey, after speaking about negative interest rates in the last hour. Additional comments: The BoE is working hard with banks to determine if negative rates are practical. It is vital importance that banks keep […]
Bailey says negative rates are controversial, GBP / USD soars to 1.36
Additional comments from the Governor of the Bank of England (BoE), Andrew Bailey speaking now on the subject of negative interest rates. Key Comments: Negative rates are an issue controversial. There are many problems with negative rates. No country has used negative rates at the “retail” end of the financial market. There are good reasons […]
