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Bank Of England To British Banks: Prepare For The Worst
Friday, April 7, 2017 - 10:54am | 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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The British Pound's Best Day Since 2008, Explained
Tuesday, January 17, 2017 - 2:26pm | 344Read More...The British pound recorded on Tuesday its best single-day performance since 2008. Bloomberg's Richard Jones explained during Tuesday's "Bloomberg Daybreak: Americas" segment that there are several moving parts which support the pound's gains of nearly 3 percent against the U.S. dollar. What Made...
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Bank Of England Slashes Interest Rate To 0.25%, Notes 'Indicators Have All Fallen Sharply'
Thursday, August 4, 2016 - 7:54am | 352Read More...The Bank of England met on Thursday, and, as expected, the central bank lowered its key interest rate for the first time in seven years to 0.25 percent from 0.5 percent. The vote to lower rates was unanimous across all nine officials, and the majority of officials expect to implement another rate...
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How To Trade The Pound Going Forward
Monday, July 18, 2016 - 3:23pm | 1013Read More...It was unsurprising that the UK’s decision to leave the European Union was followed by a 10 percent slide in the pound, as both political and economic uncertainties had shaken markets. In addition, the Bank of England’s dovish guidance for monetary policy moved the pound even lower....
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Pound Hits 31-Year Low As BoE Gov. Mark Carney Weighs In On Brexit
Tuesday, July 5, 2016 - 7:13am | 346Read More...The British pound traded at a new post-Brexit low on Tuesday after the country's central bank stepped in to help support the now fragile economy and uncertain outlook. The Bank of England said on Tuesday it will lower the amount of capital that the country's banks are required to hold in reserve....
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Is The Post-Brexit Rally For Real? FTSE 100 Index Might Indicate Just That
Friday, July 1, 2016 - 7:35am | 339Read More...The United Kingdom's FTSE 100 index was trading higher by around 0.30 percent on Friday with more than four hours of trading remaining. If the index holds on to gains, it will mark the stock market's best weekly performance since 2011. The country's stock exchange saw a massive selloff last Friday...
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Prepping For An All-Nighter: London Bankers Anticipate Volatility On Brexit Night
Wednesday, June 15, 2016 - 9:36am | 658Read More...The world's biggest banks are planning on pulling an all-nighter June 23–24 as they are expected to draft in senior traders to work after Britain's EU membership referendum, the long-awaited "Brexit" vote. According to a Reuters report, Wednesday into Thursday is "set to be among the most...
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British Inflation Hit Zero In February, The Lowest Level On Record
Tuesday, March 24, 2015 - 1:02pm | 243Read More...Inflation in the United Kingdom fell to zero in January and February, the lowest level on record, according to the Office for National Statistics. But excluding energy and food prices, February's inflation rate was 1.2 percent. "As in most recent months, this indicates that most of...
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GBP/USD Moves Down
Wednesday, March 11, 2015 - 10:40am | 44Read More...GBP/USD is trading sharply lower Wednesday at 1.4977, down 0.0100. Trading is active and weak. General selling is occurring. Market talk is going around that BOE Head Mark Carney's comments Tuesday regarding monetary policy did little to support the pair and buyers have backed away.
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GBP/USD Steady To Lower
Tuesday, March 10, 2015 - 9:57am | 39Read More...GBP/USD is trading lower Tuesday at 1.5077, down 0.0029. BOE Head Mark Carney is now speaking. The impact on GBP/USD trading has been minimal, so trading is range-bound. Chatter about next week's Federal Reserve meeting is making the rounds.
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The Biggest Surprise On Monday Wasn't Japan, Bank of England's Mark Carney, Mario Draghi Or Even David Cameron
Tuesday, November 18, 2014 - 9:04am | 879Read More...Perhaps the biggest surprise of the day Monday wasn't the fact that Japan suddenly finds itself back in a recession. Nor the fact that the Bank of England's Mark Carney began to publicly fret about deflation. Or that Super Mario started talking about QE again. Or even that David...
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Benzinga Weekly Preview: Markets Looking For Hints From The BOE About A Rate Hike
Saturday, July 5, 2014 - 8:35am | 2062Read More...Next week will be relatively slow with few economic releases due out and only a handful of stocks to post their quarterly earnings. The Bank of England’s policy meeting will be in focus as BOE Governor Mark Carney hinted that the bank may start raising interest rates sooner than expected...
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Consumer Confidence And Housing Data Take A Back-Seat To Markets
Tuesday, June 24, 2014 - 3:36pm | 2263Read More...U.S. stocks declined as the recent round of violence in Iraq may have escalated following reports that Syrian warplanes conducted raids in western Iraq, killing at least 50 people. The CBOE Volatility Index, also referred to as the "fear index", rose more than ten percent, trading...
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Sterling Rebounds After Positive UK Employment Data and BOE Governor Carney Comments
Wednesday, November 13, 2013 - 10:59am | 632Read More...U.K. Inflation Soft GBP/USD fell to trade at its lowest levels since September 13 yesterday, after CPI data missed expectations. The U.K. Office of National Statistics showed that consumer price inflation slowed to the lowest level since September 2012 last month. U.K. year over year CPI came...
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Market Primer: Friday, October 11: Budget Showdown Could Be Nearing Its End
Friday, October 11, 2013 - 5:55am | 1157Read More...Markets rallied after news that productive talks between Republican leaders and President Obama on Thursday may have resulted in a proposal which will put an end to the debt standoff; at least temporarily. A GOP proposal to extend the US government’s borrowing authority for six weeks in...
