Tag Archives: BoE
The Global Macro Pulse
EURUSD barely moved at 1.3634, while both the AUDUSD and USDJPY wereever so slightly lower at 0.942 and 101.74, respectively.
BOE Carney, MPC Aimed To Shake Market Rate Certainty
Bank of England Monetary Policy Committee members were united in the belief that market pricing had been underestimating uncertainty,
BOE Miles: Will Vote For Hike Before Term Ends In 2015
Bank of England Monetary Policy Committee member Davis Miles repeated Monday that he is likely to vote for a hike in Bank Rate before his term ends in May 2015.
UK: MPS minutes still focus on inflation and spare capacity
As expected the MPC Minutes from the 4-5 June focus on inflation and the degree of spare capacity in the economy.
The Global Macro Pulse
The USD strengthened further in Asia trading but largely against EM Asia currencies. USDJPY inched higher to 102.21 but
FX Daily
The Fed will take centre stage today with its statement, new projections and pressconference by Fed chairman Janet Yellen.
The Global Macro Pulse
The Nikkei fell 0.7% while S&P futures are off just under 0.4% and the US 10yr Treasury yield is down a bit over 1bp to 2.584%, close to its New York lows.
FX: party on
ECB won’t kill EUR, as capital flow to resume. The USD staged a sharp reversal down last week, and wage growth stuck at 2% suggests – no Fed funds repricing imminent yet, but…
Weekly Economic & Financial Commentary
U.S. Review No Spring Swoon Going into June • Payrolls added 217,000 workers in May, recouping all of the jobs lost during the recession, while the unemployment rate remained at 6.3 percent.
The summer seeds of a sterling selloff
Today’s Bank of England meeting shouldn’t provide any policy surprises, but things are likely to get more interesting over the summer as a full third of the current MPC are replaced.
The Global Macro Pulse
EURUSD and EUR crosses came under moderate pressures. EURUSD traded just below 1.36; EURGBP, EURSEK and EURNOK were also slightly lower.
FX Daily
Today’s ECB meeting will be the main attraction. We expect the ECB to deliver anaggressive easing move by cutting the refi and deposit rates, taking the latter intonegative territory.