Tag Archives: Bank of England
UK MPC expands QE by £75bn
The Monetary Policy Committee today announced a £75bn expansion of its asset purchase programme. Although this was counter to the consensus (and our own) forecast of unchanged policy this month, the surprise was more in relation to timing as a move to expand QE within the next few months was widely expected (we had expected […]
Americas FX Daily – Tighter ranges as the FOMC approaches
What happened overnight – EUR and equities rally modestly ahead of the FOMC – FOMC may deliver “twist”; a cut in IOR remains a possibility – BOE minutes likely to show more votes for new QE – Norges on hold
Chart Watch – Are we approaching a period of more sustained AUD/USD weakness?
Bank of England AUD TWI is looking toppy – would allow for slide back to the 2 year support line at 104.00. From current levels of 107.40 this would imply a 3% correction lower.