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Monday, 08 June 2015
News

Sterling little changed in a steadier Monday's session

There were no data releases from UK today so it is a steadier session for Sterling which is struggling to break above 1.53 handle while maintaining support around 1.52 handle. Markets are still weighing on recent UK data. Interest rates remained unchanged at 0.5% and we can expect that this will be the case till the end of the 2015. Inflation and wage prices are still in focus, with labour market showing stability and constant growth.
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Thursday, 04 June 2015
News

BoE holds interest rates at 0.5%

The Bank of England’s Monetary Policy Committee at its meeting on 3 June voted to maintain Bank Rate at 0.5%, as it was largely expected. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.The minutes of the meeting will be published at 9.30 a.m. on Wednesday 17 June.
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Wednesday, 03 June 2015
News

Euro higher after ECB Press Conference

The Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.05%, 0.30% and -0.20% respectively, as it was largely anticipated.
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Monday, 18 May 2015
News

When will BoE raise its interest rates?

Sterling fell this morning and is currently being traded few points above 1.5670, remaining relatively high, buoyed by comments from Bank of England chief Mark Carney who said it was possible interest rates would be higher in a year’s time. Asked in a BBC radio interview if interest rates were likely to be higher by this time next year, Carney said: “It’s possible, but it depends on the evolution of the economy.’’
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