Tag Archives: Bank of England

Bank of England refrains from more stimulus

Investors focused on the British pound today which was the biggest gainer of the G10 currencies as a result of strong UK data as well as the Bank of England rate announcement. Sterling is up 0.3 percent from the London session open of $1.5537, and was propelled to a session high of $1.5585. As expected, the BoE left the benchmark interest rate on hold at 0.5 percent, where it has been for...

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May 9, 2013 @ 12:51 pm

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Bank of England in focus as pound jumps on strong manufacturing data

The currency in focus today is the British pound as investors await the Bank of England policy meeting to end and for the MOC to announce interest rates. Expectations are strong that the central bank will leave the key lending rate unchanged at 0.5 percent and the asset purchase facility at 375 billion pounds. Earlier today the sterling jumped against the US Sterling jumped against the dollar...

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May 9, 2013 @ 10:10 am

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Sterling climbs on higher UK inflation data

Sterling was supported against the dollar and euro on Tuesday after higher  UK inflation data in February. PPI input and output month‐over‐month increases were significantly higher than expected (+3.2% and 0.8%, respectively); however CPI was broadly as expected, rising 0.7%m/m and 2.8%y/y on headline and 2.3% on core. GBPUSD hit an intraday high of $1.5143 and EURGBP fell to 0.8551....

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March 19, 2013 @ 2:21 pm

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Sterling plummets after Bank of England policy meeting minutes suggest possible QE

The British pound dropped 0.7 percent against the dollar on expectations of more quantitative easing by the Bank of England. The Monetary Policy Committee (PMC) meeting minutes were published on Wednesday signalling that the central bank is keen expanding its current bond purchase program from the current 375 billion pounds to 400 billion pounds. The voting suggested that more MPC members in...

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February 20, 2013 @ 10:02 am

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