Shares 124 Views

GBP/USD still negative, BoE extends ‘wait-and-see’ mode – UOB

FX Strategists at UOB Group assessed the recent outcome from the BoE’s MPC meeting and Quarterly Inflation Report.

Key Quotes

“It is clear that the BoE remains prepared to respond in either direction. Whilst the lift in near-term growth forecasts were widely expected, the fact that inflation forecasts were relatively unchanged means this should quell some calls for a rate rise”.

“The MPC’s attempt to combat rising inflation and support growth is likely to remain a challenging balancing act. This supports our view that the BoE will remain in a ‘wait and see’ mode for the time-being, watching more economic data, especially on business activity and consumer spending”.

You may be interested

shares13 views

Bets Against Bitcoin’s Price Are Nearing Record Highs

Brian Evans - Aug 21, 2018

BTC/USD shorts on Bitfinex are nearing record highs, leaving many to wonder if a short squeeze will occur like it did when the prior mark was set.

shares12 views

Major Players Use Blockchain to Streamline Agribusiness’ Creaking Supply Chain

Brian Evans - Aug 21, 2018

Let’s see why China and Australia are really into blockchain in the agriculture

shares18 views

Apple Co-Founder Steve Wozniak Flip-Flops on Blockchain, Joins Crypto Startup

Brian Evans - Aug 21, 2018

Apple co-founder Steve Wozniak discussed his involvement in a new crypto startup company and his interest in blockchain in general in a NullTx interview earlier this week.…

Most from this category

%d bloggers like this: