Britain\u2019s FTSE index has been up by 0.2%, while sterling rose 0.8% versus the U. S. dollar to USD 1.37.
The Bank of England on Thursday kept monetary policy unchanged and downgraded economic growth projections for the third quarter of 2021.
European investors are still digesting signals and comments by the U. S. Federal Reserve which indicated on Wednesday that it does not see a looming move back from the monetary stimulus that has been set in place to support the U. S. economy during the coronavirus pandemic.
\u201cIf progress continues broadly as expected, the Committee judges that an adjustment of the speed of asset purchases may soon be warranted,\u201d the Fed\u2019s post-meeting statement said.
The U. S. central bank has been buying $120 billion a month of Treasury Bills and mortgage-backed securities since the beginning of the Covid-19 crisis.
The Federal Open Market Committee unanimously voted to keep short term rates anchored nearer to zero and FED\u2019s members were still split on the timing of the first interest rate hike.
Wednesday\u2019s so-called dot plot of projections showed nine of the 18 FOMC members expect a rate increase in 2022, up from seven in June\u2019s Fed projections.<\/p>\n","protected":false},"excerpt":{"rendered":"
Britain\u2019s FTSE index has been up by 0.2%, while sterling rose 0.8% versus the U. S. dollar to USD 1.37.The Bank of England on Thursday kept monetary policy unchanged and downgraded economic growth projections for the third quarter of 2021.European investors are still digesting signals and comments by the U. S. Federal Reserve which indicated …<\/p>\n","protected":false},"author":13,"featured_media":30630,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6863,6885,6868,6870,7468,7526,6871],"class_list":["post-51316","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-covid-19-2","tag-fed","tag-fomc","tag-gbp","tag-tapering","tag-treasury-bills","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=51316"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51316\/revisions"}],"predecessor-version":[{"id":51320,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51316\/revisions\/51320"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30630"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=51316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=51316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=51316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}