Bank of England Sidelined Waiting for Referendum - Danske Today the Bank of England, as expected kept rates and the asset purchase program unchanged. According to analysts from Danske Bank, the BoE will not do anything ahead of June 23 Brexit referendum...
GBP: Nothing in the BoE Policy Package to Sustain a Rally - TDS Analysts from TDS, point out that markets had a limited response to today’s events from the Bank of England, that left the interest rate unchanged as expected...
Bank of England Decision Out Shortly - BBH Research Team at BBH, suggests that the Bank of England decision will be out shortly and the quarterly inflation report will be presented at the end of the MPC meeting...
BoE: Governor Carney will Tread Carefully with Brexit - MUFG Derek Halpenny, European Head of GMR at MUFG, suggests that on a one-month basis, it is the pound that is the best performing G10 currency in part perhaps due to the failure of the ‘Leave’ campaign to make any serious advances ahead of...
BoJ Intervention Threat: Lots of Barking - Westpac Sean Callow, Research Analyst at Westpac, suggests that rarely have we heard so many threats of intervention from Japanese officials without these being delivered...
EM FX: Slow Down, You Move Too Fast – Goldman Sachs Kamakshya Trivedi, Research Analyst at Goldman Sachs, suggests that after a few months of rapid appreciation, EM FX is facing n a choppier period...
BoE Won’t Hike if Brexit Occurs – Nomura Research Team at Nomura, notes that Michael Saunders’ appointment to the MPC has renewed concerns that the MPC might hike in response to an inflationary devaluation in a Brexit scenario. Key Quotes “We still view such a response as fundamentally wrong...
BoE: Expect No Fireworks – TDS Research Team at TDS, notes that the BoE has said that it will be firmly on hold until the EU Referendum is out of the way, so the broad consensus of no change in policy. Key Quotes “The accompanying Inflation Report and Press Conference will be where to focus...
Key Events Coming Up: BoE is the Highlight - Westpac Analysts at Westpac noted the key events taking place today. Key Quotes: "The Bank of England should keep rates at 0.5%, with policy firmly on hold ahead of the UK EU exit vote...
BoE: Losing Momentum - Rabobank Jane Foley, Senior FX Strategist at Rabobank, suggests that the publication of the Bank of England’s May Quarterly Inflation Report comes just over a month before the UK goes to the polls to determine whether the country will remain within or leave the EU...
How US Politics will Impact FX – Deutsche Bank Alan Ruskin, Macro strategist at Deutsche Bank, suggests that the channels through which the coming election will influence the USD are complex and sometimes contradictory - which will probably mute the response to some degree...
BoE Preview: Silence is Golden - ING James Knightley, Senior Economist at ING, suggests that BoE’s dovish tilt in its forthcoming meet may unleash pent-up GBP weakness. Key Quotes “Loss of UK economic momentum has been sizeable...
JPY: Intervention Threat Not a Sustainable Driver for a Weaker Currency - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has strengthened in the Asian trading session partially reversing weakness from early this week...
UK Rates: The Fall and Rise of Brexit Premia - TDS Renuka Fernandez, Senior Rates Strategist at TD Securities, suggests that a couple of weeks back they noted that markets had significantly priced lower Brexit premia and saw risks of a sharp re-pricing on UK rates...
USD Value, Shifts in Crude Oil Prices to Shape Value of Mexican Peso Investor confidence for emerging markets continues to mainly drive capital flows to Mexico. High volatility in Q1 has impacted the Mexican currency...
ECB Likely to Cut Rate in June, More Stimulus Likely in September The European Central Bank is expected to adopt further policy easing in June, with more stimulus measures likely in September, after it had cut rates in March this year...
Osborne Beats the Bremain Drum - Investec Research Team at Investec, notes that the UK Chancellor George Osborne continued yesterday to run his economic impact campaign, highlighting his perceived risks in the event of a Brexit at next month's EU vote...
JPY: Finance Minister Aso Continues to Talk Up Intervention Threat - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has continued to weaken in the Asian trading session leaving USD/JPY on course to increase for the sixth trading day out of the last seven as initial sharp yen gains...
Long Live FXRreturns - Deutsche Bank George Saravelos, Strategist at Deutsche Bank, notes that the international press is replete with stories of poor investor returns and discretionary fund closures this year...
