The Bank of England (BoE) official, Silvana Tenreyrosaid Monday that more stimulus may be needed, at an appropriate pace, as reported by Reuters. “The work of the Bank of England on the feasibility of negative rates is still in progress, I have nothing new to add to this,” said the official. She indicated that regarding […]
Tag: BOE
The Brexit transition so far has been very smooth for financial markets – Andrew Hauser
Andrew Hauser, chief markets officer for the Bank of England, said Thursday that lhe Brexit transition so far has been very smooth for financial markets, as reported by Reuters. Featured statements: “He UK intends to maintain strong regulatory standards after Brexit“. “The UK shaped the financial regulation of the EU, so there is no massive […]
Central banks cannot provide help on the 2020 scale for every liquidity crisis
Andrew Hauser, chief markets officer at the Bank of England, argued Thursday that central banks should consider acting as a “market maker of last resort”, as reported by Reuters. “The central banks cannot provide help on the 2020 scale for every liquidity crisis“Hauser added, saying that new tools are needed from the central bank to […]
Between 5,000 and 7,000 finance jobs have migrated to the EU because of Brexit – Andrew Bailey
While testifying before the Treasury Select Committee on Wednesday, the Governor of the Bank of England (BoE), Andrew Bailey, said markets were widely awaiting the Brexit deal the UK struck with the EU, Reuters reported. Featured statements: “Yes we are seeing that a certain number of financial services companies have to migrate to the EU. […]
Haldane Says Employment Support Program Should End Only When COVID Crisis Ends
In an interview with the Guardian newspaper, Andy Haldane, chief economist at the Bank of England (BoE), said the UK economy is still in a very deep hole, as reported by Reuters. Haldane argued that the furlough (labor market support) scheme should only end when the coronavirus crisis ends. He added that he is hopeful […]
Any rate cut must be more than 10bps to work – Vlieghe
Negative rates could help the UK complete the economic recovery, Bank of England (BoE) officials Gertjan Vlieghe said on Friday, according to Reuters. Vlieghe further argued that any rate cut must be more than 10 basis points to work, adding that a combination of quantitative easing and rate cuts would be best if markets remain […]
Vulnerable below 0.9000, two-week lows
EUR / GBP fell to more than two-week lows amid strong buying around the British pound. The setup favors bearish trading and supports the prospects for further weakness. Recovery attempts could remain limited near the break point of the 0.9050 confluence support. The crossing EUR/GBP It weakened further below the 0.9000 psychological level and fell […]
Bank of England keeps monetary policy unchanged, in line with expectations
He Bank of england (BoE) kept monetary policy unchanged, as widely expected. The interest rate continued at 0.10% and the total purchase program at 895,000 million pounds. Both decisions were unanimous. The pound fell slightly after the announcements and lost some of the ground previously gained. In any case, it continues to be one of […]
GBP / USD jumps above 1.3600 to highs in a year and a half before the BoE
The pound continues to advance through Brexit, before the BoE. No changes are expected from the English central bank, the focus remains on negotiations. He GBP / USD jumped above 1.3600 and climbed to 1.3622, reaching the highest level since May 2018. The price remains in the area of ​​the maximums before the decision of […]
Brexit and stimulus optimism depress the dollar after the Fed, Bitcoin surpasses $ 22,000, BoE in focus
This is what you need to know to trade today Thursday, December 17: A risky mood dominates the markets amid growing hopes for a Brexit deal and a US stimulus deal, despite no further stimulus announcement from the Federal Reserve. Bitcoin surpassed $ 22,000 after jumping the $ 20,000 barrier and gold is also on […]
