‘Central bank watching’ will be the name of the game this week, with financial markets remaining highly sensitive to any shifts in the interest rate outlook, particularly given the recent ramping up of energy prices. The move higher in energy costs was born out in the US inflation data last week, which could nudge the…
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The Bank of England (BoE) governor, Andrew Bailey, is due to appear in front of the Treasury Committee to address claims by a think-tank that his economic outlook for 2023 is failing. The Resolution Foundation, an independent British think-tank that aims to bolster low-middle-class income households in the UK, suggested that continued tax hikes for…
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The following article was written by Alejandro Zambrano, Chief Market Strategist at ATFX UK. With seven days to the January 30 Bank of England rate meeting, the rate markets are anticipating the central bank to ease the interest rate from 0.75% to 0.50% with a likelihood of 61%. Weak GDP growth and comments from the…
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The Board of the International Organization of Securities Commissions (IOSCO) has just published a statement on liquidity risk management recommendations for investment funds. The complete text of the statement reads as follows: Liquidity problems which have recently affected some investment funds have been the subject of extensive media coverage. The Bank of England published a…
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The Bank of Canada, Bank of England and Monetary Authority of Singapore (MAS) have today jointly published a report which assesses alternative models that could enhance cross-border payments and settlements. The report examines existing challenges and considers alternative models that could in time result in improvements in speed, cost and transparency for users. The report,…
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Clearly, the most seminal moment of the past five years in the Forex trading industry was January 15, 2015. Often still referred to in currency trading circles as Black Thursday, 15/01/2015 was the day that the Swiss National Bank decided to surprise the markets by stating that it would no longer support the Euro against…
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Yesterday the Bank of England has issued Statements of Commitment to the FX Global Code, the UK Money Markets Code and Global Precious Metals Code (the “Codes”). By issuing these Statements of Commitment, the Bank is demonstrating that it is committed to adhering to the principles of these Codes when acting as a market participant…
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The Bank of England and the Financial Conduct Authority (FCA) announced the next phase of work with market participants on Libor transition. From January 2018, the market-led Working Group on Sterling Risk-Free Rates will have an extended mandate and broader participation. The Working Group’s new mandate will be to catalyse a broad-based transition to SONIA over…
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In the remarks made to Fintech firms in Cambridge today, Andrew Hauser, Executive Director for Banking, Payments and Financial Resilience, reflected on the work of the Bank of England’s FinTech Accelerator since its launch in June 2016. Hauser also announced the firms the Accelerator would be working with in the latest cohort of proofs of…
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The Bank of England has announced that after careful and serious consideration and extensive public consultation there will be no change to the composition of polymer used for future banknotes. The new polymer £20 note and future print runs of £5 and £10 notes will continue to be made from polymer manufactured using trace amounts…
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