Tag Archives: BoE

Bank of England Deputy Governor for Financial Stability Jon Cunliffe said on Wednesday that sanctions will do severe damage to the Russian economy, but should not pose material risks to financial stability more broadly.Cunliffe said that heightened perceptions of geopolitical risk and its potential impact on growth and inflation can …

Bank of England Monetary Policy Committee Member Silvana Tenreyro said on Wednesday that the latest rise in oil prices will increase inflation and dampen UK economic activity. The high level of companies wage expectations in the BoE’s latest Agents’ survey was a surprise, though we will have to see if …

The Bak of England’s Catherine Mann said that UK inflation is heading to 7.25% in April.She voted for a 50 basis point rise in interest rates this month because she saw little sign of an easing in the public’s price expectations, which risk causing inflation to stay too high for …

The Bank of England’s Michael Saunders says vote for a 50bp hike in February ”does not necessarily imply that I believe that the level of rates one or two years ahead will be higher than the yield curve used for the February MPR.”Saunders has pointed out that it is important …

Support levels fell like dominoes on Thursday as the GBP/USD pair continues to react to woes related to Russia’s assault on Ukraine. Traders ditch risk-sensitive currencies like sterling in favour of safe-haven currencies like the US dollar or Japanese yen as global equities tumble, the pair is on course for …

The US session closed with investors expressing very pale optimism about Eastern Europe developments, despite this weak optimism the market’s sentiment deteriorated during US trading hours, resulting in the stronger USD against most of its major rivals.Ukraine declared the State of Emergency starting February 24 and for 30 days amid …

Bank of England policymaker Silvana Tenreyro said on Wednesday that she saw a point for higher interest rates to tackle inflation near a 30-year high, but the extent of tightening needed was uncertain.Financial markets currently price in BoE interest rates reaching nearly 2% by the end of this year, but …

The EUR/GBP jumped on Tuesday from two-week lows near 0.8300 to 0.8382, reaching the highest level since last Wednesday. On American hours it is pulling back, trading back under 0.8350, after being unable to hold above the 20-day simple moving average (0.8370).The sterling pound weakened earlier on Wednesday following comments …

On Wednesday, the UK’s Office of National Statistics (ONS) revealed higher than expected inflation figures. The conflict between Russia and Ukraine weighed on the single currency. The EUR/GBP breach of 0.8345 would exacerbate a fall towards 0.8300.On Thursday, as the American session progresses, the EUR/GBP drops for the second consecutive …

Bank of England governor Andrew Bailey focuses on EU laws which require insurance companies to hold enough cash to ensure they do not collapse are not well suited for the UK.The governor told listeners to a speech in the City that the so-called Solvency 2 regulations needed to be reformed. …