Fundamental Forecast for British Pound: Neutral - BoE left their benchmark rate
unchanged at 0.50%, while pausing the asset purchase program at £200 billion. -
Manufacturing PMI unexpectedly rose in January to 56.7 from 54.6 - U.K.
construction industry improves, as service
Fundamental Headlines • Retailers Continued Comeback Into January – Wall Street
Journal • U.S. Futures Track Overseas Losses– Wall Street Journal • Risk
aversion spreads as debt fears grow - Financial Times • Stocks Decline, Euro
Retreats to Eight-Month Low on Deficits,
The Monetary Policy Committee, led by Governor Mervyn King , decided not to
expand the asset-buying program for the first time since it began in March last
year, as predicted by all but one of 51 economists in a Bloomberg News survey.
The bank also kept the benchmark interest rate at a
Talking Points • Japanese Yen: Benefitting From the Rise in
Risk Aversion • Pound: BoE Maintains Current Policy, Keeps
Asset Purchase Under Review • Euro: ECB Holds Interest Rate
at 1.00% • US Dollar: Factory Orders, Treasury Secretary
Geithner on
Fundamental Headlines • Tech Spending Bounces Back – Wall Street Journal •
Greece, Portugal Woes Intensify – Wall Street Journal • Sovereign debt fears
rattle investors - Financial Times • Bank of England to Pause Bond-Purchase
Plan, Keeps Open Option to Buy More –
By Svenja O’Donnell The Monetary Policy Committee, led by Governor Mervyn King
, decided not to expand the asset-buying program for the first time since it
began in March last year, as predicted by all but one of 51 economists in a
Bloomberg News survey. The bank also kept
The Monetary Policy Committee, led by Governor Mervyn King , decided not to
expand the asset-buying program for the first time since it began in March last
year, as predicted by all but one of 51 economists in a Bloomberg News survey.
The bank also kept the benchmark interest rate at a
The Monetary Policy Committee, led by Governor Mervyn King , decided not to
expand the asset-buying program for the first time since it began in March last
year, as predicted by all but one of 51 economists in a Bloomberg News survey.
The bank also kept the benchmark interest rate at a
By Svenja O’Donnell The Monetary Policy Committee, led by Governor Mervyn King
, decided not to expand the asset-buying program for the first time since it
began in March last year, as predicted by all but one of 51 economists in a
Bloomberg News survey. The bank also kept
Although UK monetary policy officials noted that inflationary pressures have
risen above the central bank’s 2% target they attributed the spike to one-off
effects from petrol prices and VAT adjustments. In short inflation does not
appear to be a major concern for the BoE with authorities
Fundamental Forecast for British Pound: Neutral - BoE left their benchmark rate
unchanged at 0.50%, while pausing the asset purchase program at £200 billion. -
Manufacturing PMI unexpectedly rose in January to 56.7 from 54.6 - U.K.
construction industry improves, as service
