Bank of England Maintains Bank Rate at 0.5% and the Size of the Asset Purchase Programme at £375 Billion LeapRate

July 14, 2016 BY Valentina Kirilova

Bank of England Maintains Bank Rate at 0.5% and the Size of the Asset Purchase Programme at £375 Billion

What happened during the Monetary Policy Committee meeting Financial markets have reacted sharply to the United Kingdom’s vote to leave the European Union. Since the Committee’s previous meeting, the sterling effective exchange rate has fallen by 6%, and short-term and longer-term interest rates have declined. Reflecting the fall in the level of sterling, financial market…

July 11, 2016 BY Valentina Kirilova

LMAX Exchange study: FX 'Last Look' must go, transparency must increase

LMAX Exchange, the fintech company and Multilateral Trading Facility (MTF) for FX trading, is calling for UK financial regulators to deliver on the FEMR objectives to improve transparency in the FX market, set out by the Chancellor of the Exchequer and the Governor of the Bank of England in June 2014. This call to action…

May 24, 2016 BY Mike Fox

Carney: BoE wouldn't fight post-Brexit Forex moves in GBP

Bank of England (BoE) Governor Mark Carney today stated that the central bank of the United Kingdom would adopt a laissez-faire stance towards the pound no matter what decision comes during the UK-EU referendum being held on Thursday, June 23, to decide whether Britain should leave or remain in the European Union. For traders, they should expect to see…

March 27, 2014 BY Gerald Segal

London creates Renminbi clearing bank with China’s blessing

BoE and PBOC agree on renminbi clearing and settlement in the UK The bank to be named for clearing and settlement has yet to be determined according to Reuters. A clearing bank is considered a politically sensitive subject in China, and is usually a domestic entity, with Bank of China and ICBC seen as the…

Tag: BoE