Bank of England to boost confidence; not to surprise the markets

Aug 04, 2016 10:27 am UTC| Commentary Central Banks

The Bank of England (BoE) is set to deliver its much awaited August policy decision today at 11:00 GMT and it is widely expected that the bank will talkesome actions in response to UK referendum that resulted in majority...

Bundesbank chief Jens Weidmann warns of upside risks to interest rates

Aug 04, 2016 08:07 am UTC| Commentary Central Banks

European Central Banks (ECB) most hawkish and one of the most respected and reputed central bankers, Bundesbank chief Jens Weidmann has warned against thesharp reversal in global interest rates and warned that they could...

Japan services PMI crosses 50-point mark on rise in new orders

Aug 03, 2016 13:11 pm UTC| Central Banks

Japans services Purchasing Managers Index (PMI) crossed the 50-point mark during the month of July, a sign of optimism after the contraction witnessed last month as companies shrugged off business backlogs amid a steady...

Revision to inflation and growth forecasts by BoE along with forward guidance to drive GBP action

Aug 03, 2016 13:05 pm UTC| Insights & Views Central Banks

Markets await Bank of Englands (BoE) policy decision on Thursday, 4th August. The BoE is likely to become the first central bank to take action in response to the referendum. Amid the heightened uncertainty, expectations...

FX Hedging Strategy Series

FxWirePro: BOE easing unlikely to settle Brexit dust for GBP in short run – Use leveraged EUR/GBP call spread on mounting IVs

Aug 03, 2016 10:55 am UTC| Central Banks

The GBP continued to weaken post-referendum, with EURGBP trading briefly above 0.86 and GBPUSD trading below 1.30 early in July. GBP has regained some of the losses, but TWI is still 10% weaker than pre-Brexit. EURGBP...

Currency War Series

Bank of Thailand stands pat; likely to stay on hold throughout 2016

Aug 03, 2016 10:52 am UTC| Commentary Central Banks

The Bank of Thailands Monetary Policy Committee (MPC) unanimously decided to keep the policy rate on hold at 1.5 percent, at par with projections. According to the central banks post meeting statement, the Committee...

Looking at disappointing PMI reports BoE is likely to take measures

Aug 03, 2016 10:17 am UTC| Commentary Central Banks

Looking at the disappointing PMI reports, even if could be the result of just worsening sentiment, the Bank of England (BoE) is likely to announce some measures at tomorrows policy meeting. On Monday, PMI data from Markit...