The Bank of England Cuts Rates by 50bps and Delivers GBP100bn in SME Loans

by editor on 2020-03-11 17:09:26 | 0 comments

The Bank of England delivered an emergency rate cut this morning, slashing interest rates by 50bps to 0.25%. Joining its G7 peers, which includes the Bank of Canada, the FED and the RBA, the rate cut was delivered out of the BoE’S monetary policy calendar. In a bid to deliver support to the flagging UK economy and counter the impact of the coronavirus outbreak, the Bank of England also delivered a string of other measures. The BoE’s move came ahead of the Chancellor and Boris Johnson’s first budget...

Data show unusual trading activity in the pound before Bank of England announcements in January, December

by editor on 2020-02-10 18:51:57 | 0 comments

A sharp move in the British pound last month in the minutes ahead of a crucial central-bank decision wasn’t a unique occurrence, according to data reviewed by The Wall Street Journal. The U.K.’s Financial Conduct Authority has said it is looking into unusual trading that occurred before a Bank of England policy meeting on Jan. 30. Yet trading-volume data show there was also unusually high activity in the pound the previous month, compared with other announcements dating back to early 2017...

Why would the Bank of England cut rates?

by editor on 2020-01-14 18:36:26 | 0 comments

Has Mark Carney pulled a Draghi on his appointed successor Andrew Bailey? The Bank of England (BoE) governor said last week that the UK central bank was debating whether to commit to keeping interest rates “lower for longer,” until inflation has returned to the official 2% target. Since Carney is retiring at the end of the month, his statement could be interpreted as a sign that the BoE might lower rates when its Monetary Policy Committee meets on January 30 , or at the very least as a move to frame the monetary policy debate after he’s gone...

Pound slides as Carney speech highlights possibility of interest-rate cut

by editor on 2020-01-11 22:04:27 | 0 comments

The pound was one of the worst-performing currencies on Thursday after Bank of England Governor Mark Carney delivered a speech that was perceived as being suggestive of lower interest rates. Sterling GBPUSD, -0.0230%  fell to $1.3029 from $1.0396 on Wednesday, as Carney delivered a speech on the central bank’s framework and pointed out the U.K. economy has been “sluggish.” “The economy has been sluggish, slack has been growing, and inflation is below target...

Morning Call 1.11.2016

by editor on 2016-11-01 08:16:20 | 0 comments

Yesterday`s news & numbers UK100 6981 +0.63% Germany30 10725 +0.44% France40 4535 +0.49% China's official Purchasing Managers' Index (PMI) expanded at the fastest pace (51.2) in more than two years in October, adding to views that the world's second-largest economy is stabilizing thanks to a credit and housing boom. Sterling slipped 0.1%to $1.2230 but was underpinned by news that Bank of England Governor Mark Carney said he would stay in his job for an extra year, until the end of June 2019...

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