- Monday, 16 February 2015
- News
BoE - negative rates likely at the moment
There are no data releases from the UK today. Sterling still remains higher influenced by last week's BoE Inflation Report. Bank of England policy makers Ben Broadbent and Martin Weale said weak U.K. inflation will be temporary and indicated that the chance of more stimulus remains low.
- Friday, 13 February 2015
- News
Sterling higher in the morning part of Friday's session
There is no major data releases from the UK today. Sterling is currently being traded around 1.5430 area, still supported by yesterday's BoE Inflation Report, in which it was stated that UK is far from deflation despite current downtrend in inflation, with emphasis on belief on further economic growth, and weaker than forecasted US Retail Sales data.
- Wednesday, 11 February 2015
- News
Sterling higher in an uneventful European part of the session
Sterling edged higher in the European part of the session and in is currently being traded around 1.5280 area. Pair edged higher during the yesterday's session supported by 0.1% increase in industrial production, which proved that despite falling inflation, economic growth remains stable with constant decline in number of unemployed.Though we cannot expect interest rate hike before the end of this years since inflation concerns still prevail as well as parliamentary elections being scheduled for May, according to BoE Governor Mark Carney we can expect that interest rate raise will happen in foreseeable future.
- Thursday, 05 February 2015
- News
BoE left interest rates unchanged
The Bank of England’s Monetary Policy Committee at its meeting today voted to maintain Bank Rate at 0.5%, in line with market forecasts. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.
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