Posts Tagged ‘bank of england’

Low Rate Environment Creating Boring FX Market

by Christopher Lemieuxon June 27, 2014 8:03 pm BST
The largest central banks have conducted experimental monetary policy in the wake of the financial crisis and the slower than expected rebound in economic growth. In part, the ultra-low interest rate environment conducted by central banks to try to stimulate growth, but it is creating a boring forex market. Various forex volatility gauges have hit […]

Carney Looks to Cool Housing Market; GBPUSD Holds Above 1.7000

by Christopher Lemieuxon June 26, 2014 11:15 am BST
The ever-increasing housing prices in the United Kingdom has prompted the Bank of England (BoE) to take action to cool the housing market in order to avoid potential bubble-like risks. BoE Governor Mark Carney announced this morning that the central bank will intervene in the lending process and limit the number of riskier mortgages in […]

Sterling Strengthens Against Euro on Interest Rate Outlook

by Christopher Lemieuxon June 13, 2014 9:38 pm BST
The Sterling hit levels not seen since November against the euro, breaking through .8000. Traders are pushing the pound higher on the speculation that the Bank of England (BoE) will increase their benchmark rate from .5 percent sooner than expected. The pound strengthened against all of its major pairs, reaching 1.6991 against the greenback before […]

Bank of England Kept Key Rate at .5 Percent

by Christopher Lemieuxon June 5, 2014 12:25 pm BST
The Bank of England (BoE) has decided to keep the benchmark rate at .5 percent, a level left unchanged since 2009. The central bank will leave asset purchases at £375 billion. The BoE Monetary Policy Committee (MPC), a nine-person panel, are divided on whether or not to begin rising borrowing costs. An increase in rates have been […]