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BoE Leaves Interest Rates On Hold At 0.75% As Brexit Uncertainty Continues
Thursday, September 19, 2019 - 7:35am | 151Read More...The Bank of England policymakers have voted 9-0 to hold bank rate at 0.75% as Brexit uncertainty continues. “Absent currency or balance of payments crisis, we just don’t see the Bank of England even considering raising rates anytime soon,”said Artur Baluszynski, head of research...
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GBP/USD: Pound Ready For A Blow From The BOE
Thursday, August 1, 2019 - 10:15am | 743Read More...GBP/USD has hit a fresh two-year low after the Fed's hawkish decision. The Bank of England's rate decision and preparations for a hard Brexit are set to dominate trading today. Thursday's four-hour chart suggests mild oversold conditions. A dead-cat bounce tends to be followed by a...
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GBP/USD: Bears Are Still In Control
Monday, April 29, 2019 - 10:33am | 503Read More...GBP/USD continues recovering, mainly on USD weakness. US data and Brexit-related news are set to dominate. The technical picture remains bearish for the pair. GBP/USD is trading in the mid-1.2900s, extending its gains from the two-month lows of 1.2868 seen last week. The central driver is the...
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Brexit Gloom And Dollar Domination Pound The Pound
Wednesday, March 6, 2019 - 11:56am | 612Read More...GBP/USD is pressured as Brexit talks remain stuck. Carney's comments and upbeat data fail to help as the focus shifts to the US. The technical picture is bearish for cable. GBP/USD is trading in the lower part of the 1.3100 handle. The primary driver of the most recent slide stems from talks...
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Buy The Rumor, Sell The Fact Sets Sterling For Correction Off 5-Month High
Wednesday, February 27, 2019 - 11:14am | 589Read More...If a “meaningful vote” does occur on March 12 and Theresa May’s plan is successful, there are 17 days left to extend the Article 50 end-date to allow for legislation around the Withdrawal Agreement to be passed. If the “meaningful vote” means defeat for May’s...
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Bank of England Lowers The Growth Forecast As Brexit Uncertainty Makes More Damage
Thursday, February 7, 2019 - 12:10pm | 476Read More...The MPC voted unanimously to maintain Bank rate at 0.75%. The Committee also voted unanimously to maintain the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 billion. UK economic growth slowed in late 2018 and appears to have weakened...
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The Bank of England Preview: Three Things To Watch In BoE Statement
Wednesday, September 12, 2018 - 9:23am | 615Read More...After raising the Bank rate to 0.75 percent in August, the Bank of England is set to remain in a wait-and-see mode waiting for further Brexit deal development with no deal scenario possibly triggering inflationary scenario. Stronger than expected UK wage growth is unlikely to alter the outlook for...
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This Day In Market History: Bank Of England Founded
Friday, July 27, 2018 - 11:13am | 354Read More...Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day 324 years ago, the U.K. central bank, the Bank of England, was founded. Where The Market Was The Bank of England predates the Dow Jones Industrial Average and the S&P...
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Keep An Eye On Pound/USD This Week
Monday, July 10, 2017 - 3:56pm | 508Read More...A continuous string of bad economic data from the UK has impeded the Bank of England’s shift towards a more hawkish monetary policy path, which has weighed down the Pound recently. Following May’s ambiguous election results, business and consumer confidence has sagged, as it has become...
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Bank Of England Maintains Interest Rates At 0.25% In The Most Split Vote In 6 Years
Thursday, June 15, 2017 - 9:43am | 309Read More...The British pound spiked higher early Thursday morning after the central bank members were split on how to proceed with its key interest rates. The British pound was trading just below the $1.2700 level but the interest rate decision sent the currency to the $1.2788 level but has since declined...
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Bank Of England To British Banks: Prepare For The Worst
Friday, April 7, 2017 - 11:54am | 421Read More...Remember the time-tested saying "prepare for the worst but plan for the best?" This is the exact message Bank of England's Gov. Mark Carney is telling British banks. According to a Bloomberg report, Carney is urging banks to implement worst-case scenario plans in the event that Brexit negotiations...
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Bank Of England Stands Pat, Maintains 0.25% Bank Rate
Thursday, December 15, 2016 - 9:18am | 271Read More...The U.S. Federal Reserve raised its interest rates by 25 basis points on Wednesday — a move that was widely expected. Across the pond, the Bank of England held its key bank rate unchanged at 0.25 percent. The Bank of England also voted to maintain its two asset-purchase programs. The Bank of...
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Brexit Happened 100 Days Ago: Where Is The Meltdown?
Friday, September 30, 2016 - 2:20pm | 439Read More...The people of Britain were told if they voted to leave the European Union, doom and gloom would be brought to their economy. Now 100 days have passed since the infamous vote dubbed "Brexit" took place, and many are wondering where the economic collapse is. As noted by CNN Money, government...
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Bank Of England Maintains Current Interest Rates But Hints Of Another Rate Cut This Year
Thursday, September 15, 2016 - 10:44am | 313Read More...The Bank of England on Thursday voted to maintain its 0.25 percent interest rate but hinted a further cut could occur before the end of the year. The Bank of England lowered its key interest rate on August 4 to 0.25 percent from 0.50 percent. The central bank noted at that time that economic...
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Get Ready For September's Jam-Packed Month
Wednesday, August 31, 2016 - 10:29am | 384Read More...Wednesday is August's final trading day, and the markets will be closed the following Monday in observation of Labor Day. When trading activity resumes on Tuesday, it will mark the start of a very busy month ahead. September's key events include the first U.S. presidential debate, a Federal Reserve...
