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Friday, 18 September 2015
News

Sterling higher still supported by dovish Fed

There were no data releases from the UK today, with Fed's interest rate decision still being main market mover. The Bank of England’s chief economist is reiterating his opposition to an interest rate hike in the near future and says policy could just as easily be loosened as tightened if the UK is hurt by turmoil in emerging markets.
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Monday, 14 September 2015
News

Sterling stable above 1.54 handle

There are no data releases from the UK today, so Sterling is being traded in a tighter range. received a boost from the Bank of England. According to its latest minutes, the Monetary Policy Committee said on September 10, “Although the downside risks emanating from overseas had risen, it would be premature to draw strong inferences from this month’s events for the likely path of activity in the UK”. What this means is that the MPC judged it too soon to decide if turmoil in markets sparked by China will affect Britain much. The BoE also said it expected Britain’s economy to maintain healthy growth. Read more...
Thursday, 10 September 2015
News

Sterling above 1.54 handle after BoE Meeting Minutes

As it was largely expected BoE left interest rates and asset purchase unchanged. The nine-member Monetary Policy Committee voted 8-1 this week to keep its benchmark interest rate at a record-low 0.5 percent, with only Ian McCafferty dissenting. In their discussion, officials said any external headwinds must be “weighed against the prospects for a continued healthy domestic expansion.”
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Monday, 24 August 2015
News

Sterling little changed in a quite morning trade

There are no major data releases from UK today, so traders are more concerned with recent UK data and speculations on rate hike date. Investors reckon the BoE will start hiking rates from their historic lows in early 2016 as the UK economy continues to pick up speed. That expectation carried the pound to a 7 1/2-year high on a trade-weighted basis earlier in the week. But the latest data suggests there should be no hurry. Read more...

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