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Scandi Outlook Mixed for 2H The economic outlook for Scandinavian economies looks mixed in the second part of 2016, with upcoming monetary policy decisions and a potential rebound in oil prices among the factors that may boost economic performance, market commentators tell Profit & Loss. Sweden has ...
All Quiet on the FX Front – But for How Long? The UK referendum on European Union membership brought with it a wave of volatility and uncertainty, however FX markets have rather settled back since the initial shock. Implied volatility levels are at almost two year lows – lower in fact that ...
Analysts Predict Further Rate Cuts After BoE Stimulus Expect further rate cuts from the Bank of England (BoE) as Governor Mark Carney shows that he is willing to let sterling continue depreciating, say analysts. “The package of stimulus announced by the Bank of England has prompted a significant ...
BoE Announces Brexit-Induced Stimulus Package The Bank of England’s (BoE) Monetary Policy Committee (MPC) has voted unanimously in favour of a 25 basis point cut in Bank Rate to 0.25%. It also voted for a new Term Funding Scheme to reinforce the pass-through cut in Bank ...
More Fun and Games in AUD Around RBA Announcement? Market sources are reporting a flurry of trades in the seconds leading up to the release of the latest Reserve Bank of Australia (RBA) monetary policy decision today. The sources say that price action on at least three multi-dealer venues ...
IMF Amends SDR Rounding Methodology The executive board of the International Monetary Fund (IMF) has amended its rounding methodology for determining currency amounts in the Special Drawing Right (SDR) basket. The decision, reached July 20, was in order to “make it less complex and also to ...
FX Committee Surveys Show Trading Was Up During April FX trading volumes were up in the UK, US, Japan, Canada, Singapore and Australia in April compared to October 2015, according to the FX Committees’ semi-annual results. In the UK, average daily reported foreign exchange turnover was $2,213 billion in April 2016, up 5% ...
Old Lady “Not a Nurse to Markets”, Says BoE Economist The Bank of England (BoE) will not ease interest rates just to appease the expectations of the market or to reassure consumers and businesses following the Brexit vote, warned Martin Wheale, an external member of the Monetary Policy Committee (MPC) ...
Scandis Under Pressure from Brexit, but Risk Appetite Coming Back Risk aversion generated by the Brexit vote has seen Scandinavian currencies more than others coming under pressure along with sterling. In particular, the Norwegian krone and Swedish krona have been hit by the downward trend. However, market analysts contacted by ...
No Intervention from BoE

13:17 June 27th 2016 in News, Market Talk

No Intervention from BoE

Price action in sterling has led to some speculation that the Bank of England (BoE) has periodically stepped into the market to ‘smooth’ the move. This chatter first surfaced in the immediate aftermath of the UK’s referendum vote on ...