Bank Of England News

The yen has dipped slightly against the US dollar as has the euro ahead of policy meetings at both the European Central Bank and the Bank of Japan. The dollar is currently trading at 93.50 yen, a rise of 0.1 per cent. New governor of the BoJ, Haruhiko Kuroda, is expected to push forward with stimulus plans although the bar has been set...

The euro is close to its lowest level in four months against the US dollar as Cyprus risks ejection from the eurozone after rejecting the terms of a bailout. However, many analysts believe that, as in the past, the European Union will work to hammer out a compromise as the implications of Cyprus being expelled from the single currency are too...

An unexpected fall in industrial output in January has seen sterling weaken to $1.4832, the lowest level for the pound against the dollar since June 2010. The British currency also hit A$1.4370, its lowest point against the Aussie since 1985. In a note ANZ pointed to a lack of fresh initiatives and a lack of ability to ease fiscal policy at...

Following a statement from Germany’s Finance Minister about the unlikelihood of bond spreads being targeted by the European Central Bank, the euro eased away from a high session against the sterling today. A dip of 0.09% saw EUR/GBP finish at 0.7851 in morning trade after briefly reaching 0.7872. Friday’s high of 0.7876 was quoted as...

The sterling moved back to trading in positive territory today, bouncing back from five consecutive negative weeks, with sentiment at present gaining some traction. The sterling has taken a pounding during recent weeks, as the eurozone crisis was worsening because of Greek and Spanish woes, falling from highs of over 1.6300 to lows below...

After spiralling its lowest point since July 2010, the EUR/USD has been recovering with the pair moving forward to trade at above 1.2600 resistance and hit an intra-day high of 1.2620. The pair is currently trading at 1.2595 and managing to keep levels above 1.2600. Discussions about coordinated action by new Central Banks on liquidity...

The sterling gained on most major counterparts, particularly the US dollar, the yen and the euro on the back of today’s policy statement by the Bank of England, reports Trading Point. The central bank left interest rates unchanged at their long-term level of 0.5 per cent as anticipated, as well as keeping its asset purchase initiative on...

The Fitch credit ratings agency has done the same as Moody’s and placed the UK’s top AAA rating on negative outlook, reports the BBC. Fitch Ratings warned that it may downgrade the UK over the next few years should the government not be able to contain the public debt level. The warning arrives as Chancellor George Osborne adds the...

The yen suffered losses in Asia today, having fallen to a seven-month low against the dollar, while the pound also endured a tough time after the Bank of England’s February policy meeting saw less change than expected, reports Reuters. This helped the euro remain steady, even after Wednesday’s PMI surveys suggested that the eurozone...

The sterling strengthened during European trading hours on Thursday following the announcement by the Bank of England of a £50bn expansion of its assets purchase programme, reports nasdaq.com. As expected, the euro remained steady as investors awaited the latest news on the Greece bailout as well as a decision on interest rates and the...