Posts Tagged ‘monetary policy’
UK Inflation Falls and Takes Pound With it
Posted in Currency News Currency Updates by mporter
As expected this morning UK inflation figures fell, even lower than what the markets had been expecting. UK Consumer Price Index fell to 2.4%, down from 2.8% the previous month and below market expectations of 2.6%. UK Core Consumer price index was also down 40 basis points to 2.0%, recording a figure below market expectations [...]
Currency Matters
Posted in Currency News Currency Updates by mporter
Yesterday saw substantial volatility within the markets courtesy of mixed PMI figures released in Europe and a tacit message from Mario Draghi suggesting that the European recovery will take longer than expected. Whilst the BOE’s decision to maintain interest rates and quantitative easing levels at their current level had little impact upon the markets, [...]
BoE and ECB
Posted in Currency News Currency Updates by mporter
The Euro has retreated today after the European Central Bank kept rates unchanged at 0.75% and slashed its growth forecasts for 2013. Projected Eurozone growth is now expected to range between -0.9% and +0.3% suggesting that it is more than likely that the Eurozone economy will contract next year.
In the UK, the Bank of [...]
From One Vote to Another
Posted in Currency News Currency Updates by admin
From one vote to another. Markets today will be bracing themselves once again for potential turmoil in the run up to another key vote, one that could cause much more movement than the US presidential election ever threatened.
We have become accustomed to leaders pleading and begging for votes over the last couple of weeks, however [...]
UK Economy Emerges from Recession
Posted in Currency News Currency Updates by admin
Christmas came early this morning for the UK as GDP figures confirmed, somewhat emphatically, that the UK has officially come out of recession. David Cameron declared yesterday during a lively Prime Minister Questions, at the end of a passionate statement regarding the strengthening UK economy to opposition leader Ed Milliband, that ‘the good news will [...]
Currency Update
Posted in Currency News Currency Updates by mporter
Yesterday Wednesday 15th saw Greece’s troubles resurface. With Greece facing a deepening recession, the Greek Prime Minister is set to meet with his French, German and Luxemburg counterparts next week to persuade Eurozone leaders to extend the period of austerity from two to four years, essentially planning to reduce the Greek budget deficit by 1.5% [...]
Contraction in UK GDP
Posted in Currency News Currency Updates by mporter
The Pound has fallen back below 1.28 against the Euro and back below 1.55 against the US Dollar following this morning’s preliminary UK GDP data release. The data showed that the UK economy contracted much more than many economists expected.
In the second quarter UK economic output plummeted, contracting -0.7% quarter on quarter and contracting [...]
GBPEUR @ its highest level since 2008.
Posted in Currency News Currency Updates by mporter
The Pound has appreciated following today’s Bank of England announcement that the Monetary Policy Committee has kept interest rates unchanged at 0.50% and Quantitative Easing at its current level of £325bn. Whilst this was widely expected, the possible threat of further QE always poses a threat to the value of the Pound and as such [...]
GBPEUR 19 MONTH HIGH
Posted in Currency News Currency Updates by mporter
The Pound has appreciated to a 19 month high against the Euro and towards recent highs against the US Dollar following the release of minutes from the Bank of England’s Monetary Policy Committee (MPC) April meeting. The minutes showed that the nine member MPC voted 8-1 in favour of keeping the Bank’s Quantitative Easing Asset [...]
The Pound has fallen this morning …
Posted in Currency News Currency Updates by mporter
The Pound has fallen this morning following the release of minutes from the Bank of England Monetary Policy Committee (MPC) meeting held on the 8th and 9th February. At that meeting the Bank decided to hold interest rates at the historic low of 0.50% and extend Quantitative Easing (QE) by an additional £50bn, taking [...]
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