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 ...
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 ...
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 ...
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 ...
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 ...
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 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% ...
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) ...
aversion generated by the Brexit vote has seen Scandinavian currencies more
than others coming under pressure along with sterling.
particular, the Norwegian krone and Swedish krona have been hit by the downward
trend. However, market analysts contacted by ...
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 ...