Blogs Posts on "Bank Of England"
Markets Digest Bank of England Inflation Report by Currencies Direct Market Update on Nov 12, 2009The reason why the pound weakened was related to the Bank keeping an "open mind" on further Quantitative Easing. Asia and in particular China will play a major role in leading global recovery according to U.S Treasury Secretary Tim Geithner.
Sterling Encountered an Enormous Banana Skin This Morning! by Currencies Direct Market Update on Nov 10, 2009UK is most at risk of losing its AAA sovereign rating amongst the major economies, with Germany being the least likely according to Fitch. Ahead of Veterans Day we see a little profit taking but the trend for the remainder of the year looks set to ca...
Sterling funding currency for carry trade? by FX Madness on Nov 5, 2009With interest rates for Sterling at record low, at 0.5%, there are some speculations floating around that GBP is the currency fueling next wave of the carry trade. By some reports it is replacing Japanese Yen and US Dollar in this role. Currently FE...
Bank of England maintain base rate at 0.5% by The Inside Edge on Nov 5, 2009 As expected by many the BoE's Monetary Policy Committee have voted to maintain the base rate at 0.5 % and to increase the Asset Purchase Programme by £25 Billion to £200 Billion. Good news for mortgage borrowers but not so for savers. Subsc...
Bank of England maintain base rate at 0.5% by The Inside Edge on Nov 5, 2009 As expected by many the BoE's Monetary Policy Committee have voted to maintain the base rate at 0.5 % and to increase the Asset Purchase Programme by £25 Billion to £200 Billion. Good news for mortgage borrowers but not so for savers. Subsc...
BoE Rate Decision Eagerly Awaited by Currencies Direct Market Update on Nov 5, 2009Fireworks at the Bank of England? As today has drawn closer the expectation has escalated that the Bank of England will expand QE. But by how much? e question is if they do by how much? £50 billion or £25 billion?
Huge Decision Looms for Bank of England by Currencies Direct Market Update on Nov 4, 2009Supporting sterling this morning is economic data that UK PMI for services was up to 56.9 from 55.3 in September. Another good number from the UK. Could sterling be building up for another fall? We will see tomorrow!
Where Next for the Pound? by Currencies Direct Market Update on Nov 3, 2009Currencies Direct Reviews the Beleaguered Pound 2, November 2009 Yesterday the pound slowly filtered lower as the markets digested the uncertainty surrounding the Bank of England rate decision and the upheaval of the UK banking sector. Against the...
QE- Will They Expand? by Currencies Direct Market Update on Nov 2, 2009Today in the US we have the ISM manufacturing report which is expected to show a further expansion and on Wednesday the Federal Reserve will provide feedback on the economy and feedback on initiatives in process.
Sterling Up But Why? by Currencies Direct Market Update on Oct 29, 2009Sterling is rallying this morning in the markets against most of the major currencies except the Japanese Yen. This morning mortgage approvals in the UK hit its highest level for 18 months giving sterling a good start.
