“There is a risk of detrimental effects on demand due to increased risk aversion,” the policymaker of the Bank of England (BoE) Michael Saunders to the Treasury Select Committee, As reported Reuters. Additional conclusions “I am concerned about what the pandemic will leave even after the launch of the vaccine.” “There has been a large […]
Tag: BOE
Andrew Bailey notes that a rise for the pound is expected if the UK reaches a trade deal with the EU
While testifying before the Treasury Select Committee on Monday, the Governor of the Bank of England (BoE), Andrew Bailey, said expect a rise for the British pound if the UK reaches a trade deal with the EU. Featured statements: “We have some evidence that vaccine news has boosted financial market confidence and business expectations. “ […]
Haldane says that even with the vaccine, the crisis will leave some lasting scars
The UK economy has probably recovered around two thirds of the pandemic lossesAndy Haldane, chief economist at the Bank of England, said on Monday, Reuters reports. Additional comments: “The burden of COVID hardship has fallen disproportionately among the youngest, least skilled, and lowest paid workers“. “There is a risk that anxiety will lead to a […]
There is a green light for any future adjustments
“We are ready to take any additional action that is necessary to achieve our mandate to meet the 2% inflation target,” he said on Tuesday. Bank of England (BoE) Deputy Governor Dave Ramsden, Reuters reported. Additional conclusions “Vaccine news could bolster resistance and mitigate some of the long-term sequelae risks.” “The news about vaccines is […]
Purchase program can avoid an unjustified adjustment in financial conditions – Bailey
The Governor of the Bank of England (BoE), Andrew Bailey, in a speech prepared for TheCityUK National Conference stated that both COVID-19 and the process of establishing the future relationship with the European Union (EU) have increased uncertainty. “In my opinion, quantitative easing at a time like this can avoid an unjustified tightening of financial […]
GBP / USD Stabilizes Below Daily Highs Amid BoE Member Statements
GBP / USD is moving away from the highs, but it is one of the best performing USD pairs on the day, rising 50 pips or 0.4%. The pair is backed by rising expectations for the upcoming departure of British Prime Minister’s Brexiteer adviser Cummings. The BoE speech during the European afternoon could give the […]
BoE: UK Financial Sector Ready for Brexit
“The financial sector of the UK is ready for Brexit, whether there are more decisions on equivalence or not, “he said Thursday the Governor of the Bank of England (BoE), Andrew Bailey, while speaking in the European Central Bank Forum on Central Banking. Additional conclusions “We are encouraged that trade discussions on Brexit continue.” “We […]
EUR / GBP recovers from multi-month lows and rises above the 0.8950 level
A combination of factors helps EUR / GBP to recover further from multi-month lows. Brexit-related uncertainties and weaker UK macro data continue to weigh on the British pound. The euro benefits from the subdued demand from the USD and continues to support the bullish move. The selling bias around the British pound has pushed the […]
Bailey says he doesn’t have a date for the negative rate review in mind
Continuing his speech at the Financial Times Global Digital Conference, Bank of England Governor Andrew Bailey has said that They have talked about yield curve control but they don’t see a great need at the moment. Bailey has added that they do not have a date in mind for the outcome of the negative rate […]
Bailey says UK GDP data is in line with central bank expectations
“UK GDP data is in line with what we think it would be”Said Bank of England Governor Andrew Bailey in a speech scheduled at the Financial Times Global Digital Conference on Thursday. Additional comments: We had a strong recovery. But we still have a big gap. The recovery has been very uneven. As for the […]
