Tag Archives: BoE
The Global Macro Pulse
Overnight Price Action The Nikkei has rallied 2.1% and S&P futures are up slightly, but most other Asian equity markets are down slightly.
US Morning Update
Major Overnight Headlines • Trade-weighted GBP rises to 8-month high in London; UK unemployment rate falls to 7.7% in July
The Global Macro Pulse
Asian stocks were flat to slightly higher ahead of a busy economic calendar. Sensex rallied more than 2% on the open,
US Morning Update
Major Overnight Headlines • INR liquidity very low as USD/INR hits new record high; other developing market currencies more stable
US Morning Update
Major Overnight Headlines • Japanese Fin Min says PM Abe “did not request” consideration of corporate tax cut; Nikkei falls, Bloomberg
BOE Minutes: MPC voted 8-1 in favour of forward guidance
Policy decision: The MPC voted unanimously to leave the Bank rate at 0.5% and the target for the asset purchases unchanged at GBP 375bn.
US Morning Update
Major Overnight Headlines • BoJ on hold, Nikkei falls, JPY rises as Kuroda says will take “appropriate action” if needed,
BoE launches conditional forward guidance…
The eagerly anticipated BoE Inflation Report and press conference did not disappoint. As expected the BoE announced an official policy of forward interest rate guidance.
FX Daily Strategist: US
Look to fade GBP rally on dovish Inflation report; Jobs data on Aug 14 key We remain negative on GBP after the Bank of England having moved to state-dependent forward guidance.
Bank of England August Inflation Report
New 7% unemployment threshold indicates current monetary policy stance will remain until Q3 2016.
The Global Macro Pulse
USDJPY continued to fall, testing a low of 97.09 today and driving cross JPY through technical levels.
Carney Guidance is a “sell the fact”
There are two questions on today’s “guidance” announcement from the Bank of England. First, does Mr. Carney deliver? Second, does the market believe him?