The Bank of England will look to buy bonds with a maturity of 3-7 years today. The success of the programme could well determine how the GBP trades.
September 6,2016
The GBP/USD rate has fallen below the key 1.3000 level and now looks poised for deeper declines according to analysts.
August 16,2016
Pound Sterling looks to be determined to stay above its 2016 lows, but the resilience will be tested over coming days when inflation and employment data are released.
August 14,2016
The Swedish krona has been the second worst performing major currency (behind the pound) in 2016 as the Swedish Riksbank has pressed an iron gauntlet firmly down on interest rates via one of the most uncompromising negative interest rate policies in the world, however, this is distorting the kronor’s ‘true’ value.
August 14,2016
The Norwegian Krone gained a massive boost after inflation data showed a 4.4% rise in prices in July, which substantially reduced the probabilities of the central bank having to release more monetary stimulus measures.
August 14,2016
A more stable political climate and steadily rising GDP are likely to help the Thai baht continue to rise versus the Brexit-broken pound, with the current exchange rate hovering over the 45 lows.
August 11,2016
Nerves regarding the effectiveness of the Bank of England’s reverse bond-buying auction has been set aside as it found the requisite buyers.
September 6,2016
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