Tag Archives: BoE

Bank of England intervened by buying government bonds so as to stabilize the bond market. This move was able to strengthen the Pound whose performance improved on the BoE’s announcement.The EUR/GBP pair is hovering around 0.8940 practically flat for the day after moments of extreme volatility following the surprise announcement …

On Wednesday, US stock indexes turned higher and rebounded, largely helped by sliding Treasury yields from multiyear highs, and a surprise intervention from the Bank of England in the UK gilt, or government-issued bonds market, but Wall Street stocks were still in danger of recording a seven-day losing streak.On Tuesday, …

The Bank of England is expected to decide an important policy response to finance minister Kwasi Kwarteng’s financial plan embodying tax cuts but, the central bank could wait until its next scheduled meeting in November before making such a move according to BoE Chief Economist Huw Pill.The British pound gathered …

The GBP/USD pair is at the lowest level since the European session following a statement from the BoE amid risk aversion. The pair is back into negative territory trading around 1.0676, at the time of writing down almost 200 pips from Friday’s close at 1.08504.On Asian hours the pound suffered …

The British government bond yields surged by the most in one day in over three decades on Friday, the pound slid to a fresh 37-year against the American dollar after UK finance minister Kwasi Kwarteng laid out a series of tax cuts in a move that is meant to boost …

The pound falls across the board on Friday. The EUR/GBP pair is having best day since March 2020 on the collapsing sterling.After a brief pullback, the EUR/GBP pair resumed the upside and hit levels above 0.8900 for the first time since 2020. So far, the cross peaked at 0.8910. It …

Sterling fell on Friday to a 37-year low against the dollar before the expected announcement of the new British finance minister details of tax cuts and energy subsidies worth close to two hundred billion pounds ($225 billion). The pound fell about 0.6 percent to $ 1.1170, its lowest level since …

Recession seems inevitable as stubbornly high inflation plus the escalation of the war forced policymakers’ hands. Stocks fell, while US government bond yields soared to fresh multi-year highs.Major central banks announced monetary policy decisions following the US Fed’s meeting for September with the Bank of Japan firstly, on Thursday, deciding …

The Bank of England’s policymaker Jonathan Haskel said the central bank encountered difficulty as the government’s expansionary fiscal policy appeared to place it at odds with the BoE’s efforts to cool inflation.“We are in a difficult, uncomfortable position, frankly, because I don’t like being in a situation where you have …

Following its September policy meeting, the Bank of England (BoE) announced that it raised the policy rate by 50 basis points (bps) to 2.25%. Although this decision aligned with the market expectation, futures markets were pricing in a strong chance of a 75 bps hike. The GBP/USD pair meets with a …