Bank of England's Governor Andrew Bailey has downplayed the prospect of negative interest rates in the future as he sought to downplay the market's rising expectations for future interest rate cuts, an intervention that appears to have offered some support to the British Pound.
September 22,2020
The British Pound retains a soft bias ahead of the announcement of fresh restrictions in the UK aimed at stemming the spread of covid-19, as well as falling global stock markets and persistent Brexit anxieties.
September 22,2020
The British Pound fell sharply at the start of the new week as a global stock market sell-off signalled a substantive shift in the mood amongst investors, creating the perfect background settings for weakness in the risk-sensitive Pound.
September 21,2020
"Short-term value, longer-term uncertainty," is how analysts at Wall Street investment bank Goldman Sachs describe the Pound's current valuations.
September 21,2020
The Pound went from hero to zero on Friday as government actions on both sides of the Atlantic served to undermine fragile investor confidence, sending stock markets and risk currencies tumbling ahead of the weekend.
September 21,2020
The British Pound is on course to record a weekly gain against the Euro, U.S. Dollar, Australian Dollar and a host of other major currencies after the EU Commission President offered supportive words on Thursday that unwound the deep losses triggered by the Bank of England.
September 18,2020
It's been a volatile day for the British Pound after it fell on the Bank of England's September policy event to then shoot higher hours later on comments made by EU Commission President Ursula von der Leyen, who said she remains "convinced" an EU-UK trade deal is still possible.
September 17,2020
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