BOE’s Carney steps up in the aftermath of Brexit

As Britain struggles with political chaos following its vote to leave the European Union, central bank governor Mark Carney has stepped into the breach to manage the economic fallout. His response to the outcome of the June 23 referendum, starting with a televised address barely an hour after the final result was declared, contrasts with that of finance minister George Osborne, who did not appear publicly for three days…

BOE’s Carney turns to the word on the street from trusted regional agents

Unsure how a misfiring global economy is affecting matters at home, Bank of England chief Mark Carney has turned to an age-old gauge of Britain’s economy: the word on the street from a trusted band of regional agents. Dating back almost two centuries, the agents – drawn from lifelong BoE staffers and economists with local expertise – add boots-on-the-ground flavor to the reams of statistics ingested every month by Carney and the eight other professional economists on the Bank’s interest-rate setting committee…

BOE Carney’s forecast that borrowing costs would soon rise exposed as bluff

It will probably be “no change” at the Bank of England this week, with policymakers expected to keep interest rates at their historic low again. The monetary policy committee meets on Thursday and in all probability will sit on its hands for the 83rd straight month. Most likely the MPC will keep the base rate at 0.5% for the rest of the year…

Daily Forex Market Review 08/13/14 (+35 pips)

Today’s Trade Result: +35 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Top 10 Weekly Forex Market Headlines – 07.25.2014

1. Global stocks slip, dollar steady amid Ukraine, Gaza tension July 21, The U.S. dollar held steady against major currencies on Monday as investors reduced holdings of stocks and other risky assets on anxiety about escalating violence in Gaza and Ukraine. Demand for traditional safe-haven yen and Swiss francs persisted but it was not strong […]

Daily Forex Market Review 06/24/14 (+40 pips)

Today’s Trade Result: +40 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Top 10 Weekly Forex Market Headlines – 05.23.2014

1. EU GDP figures show most member nations struggling, still in danger zone May 19, For the past year, we’ve been hearing that global growth, and the world’s equity markets, will get a major lift from a gradual recovery in Europe. Indeed, Ireland and Portugal recently returned to the debt markets with well-received offerings, and […]

Top 10 Weekly Forex Market Headlines – 05.16.2014

1. China will not use large stimulus, only ‘fine-tune’ policy: PBOC chief May 12, China will not use any large-scale stimulus to boost its economy, Central Bank Chief Zhou Xiaochuan was reported as saying on Saturday, in response to speculation that authorities might lower reserve requirements for banks to spur growth. Zhou, who was speaking […]

Daily Forex Market Review 02/24/14 (+40 pips)

Today’s Trade Result: +40 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Daily Forex Market Review 01/27/14 (+50 pips)

Today’s Trade Result: +50 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Top 10 Weekly Forex Market Headlines – 01.24.2014

1. IMF to upgrade UK growth forecast above other major economies January 20, The International Monetary Fund is widely expected to raise its outlook for the UK this week, nudging up the country’s growth forecasts by more than for any other major economy. The Washington-based fund is due to unveil an… 2. China’s GDP slows […]

UK economy remains well short of ‘escape velocity’ from recession: BOE Carney

Mark Carney insisted on Friday that Britain’s economy remains well short of achieving “escape velocity” from recession as the Bank of England governor said policy would remain on an emergency setting for some time to come…

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