User Login

img
30 Nov

Pound tumbles as new member of Bank of England supports low interest rates:

admin Comments (0)
The Newest member Gertjan "Jan" Vlieghe of the Bank of England's Monetary Policy Committee comments that he is relaxed about keeping the interest rates at a record low for now makes Sterling to tumble below $1.50.His comments is also reinforcing the dovish stance adopted by colleagues including Governor Mark Carney.
 
Pound also dropped against 12 of its 16 major peers before reports this week which, according to economists, will show slowdowns in manufacturing and construction. Economic growth has to “stabilize or even pick up a bit” and wages need to rise more strongly before the bank should consider its first rate increase since 2007, new policy maker Gertjan Vlieghe said in an interview with the Sunday Times newspaper.
 
The pound fell 0.2 percent to $1.5004 as of 11:46 a.m. London time, having slipped to $1.4998, the weakest level since April 23. It was little changed at 70.44 pence pence per euro, after dropping 0.5 percent last week, its biggest drop in two months.
 
Carney said the economy was facing “some real headwinds” from abroad, according to comments reported Saturday by the Gazette newspaper during a visit to Middlesbrough, northeast England.
 
0 0 0
 

Comments

 

Leave a Comment

 

Categories

Popular

OPEC-Geocivics strain boosts Oil post
Nov 26 , 2015

Focus on global adversity is back as crude drops,Yen rises:
Feb 03 , 2016

Gold dips 2 percent as dollar strengthens:
Feb 23 , 2016

Recent

Euro near to three weeks high
Dec 08 , 2016

Crude falls down as Russian output increases
Dec 06 , 2016

Euro tumbles down as Italian leader fails referendum vote
Dec 05 , 2016

Tags

opec oil prices wti brent oil forex signal trading signals currency pair manual automated trading monetary policy committee pound dropped sterling tumbles mark garney new member interest rates central banks monetary policy bond market borrowing costs credit cycle recession unemployment rate economy job market slow gdp interest rate central bank u.s economy treasuries fed rate hike green back traders federal reserve reverse repurchase programme repo programme stimulus debt purchase dovish statement quantitative easing us dollar warrants oil price economic slowdown global benchmark overproduction china yen economic data hedge funds speculators gold imf upgraded price forecast yuan economic growth global growth euro area slowdown lending rate financial events bank of japan benchmark commercial banks renminbi currencies boj pboc government bond dollar employment trade spdr cftc gdp financial markets banks oil stockpiles risky assets money markets abe jpy us bankers canada oecd investment liberal government analysts al naimi barrel crude bank governor euro ecb euro zone inventory brent wall street financial proposal australian aussie draghi monetary stimulus eu fed fomc negative rates reserve funds u.s policymakers brexit sterling pound smith futures inventories evans policy makers data yellen europe negative bank bankruptcies crude futures asia rate japanese policy meeting european union deficit greece merkel germany g-20 downgrade saudi iran qatar japan economic ounce fx currency nikkei dudley securities libya etf payrolls policy greenback tokyo uk strategists federal g7 britain market survey economists middle east bullion kiwi new zealand rbnz rates $ job voting snb swiss franc u.k matsui goldman term nigeria bpd australia reserve bank election vote decisions boe asian shares week ship cents qe money monetary rba monetary policies production investors bailout fx news resources taper chinese government asset theresa may may president price bonds report cpi clinton trump december hike england political presidential fbi pounds donald trump bond yields energy minister yield reserve month italy european percent

Archives

Contact Us

Newsletter

Connect With Us

Copyright © 2014 TradeFxP Ltd. All Rights Reserved.