Publicado: Sáb, Noviembre 09, 2019
Financiera | Por Marilu Caballero

Bank of England holds rates at 0.75 percent

Bank of England holds rates at 0.75 percent

Other MPC members have said they are less convinced that slower growth merits a rate cut, however, and Deputy Governor Dave Ramsden has warned Brexit uncertainty also made the economy more prone to inflation.

That's primarily due to a weaker global economy in the wake of the ongoing U.S.

With the Bank of England set to keep the key benchmark rate unchanged at 0.75 percent on Thursday and general elections less than six weeks away, investors will be attentive to any changes in the trends in the polls. opinion of important political parties before adding positions in the pound.

Boris Johnson's Brexit deal means there could be a "pick-up in United Kingdom growth", Mark Carney said today as the Bank of England's economic forecasts struck a gloomy tone.

Today's forecasts represent the first time that the Bank has modelled the potential impact of Mr Johnson's Brexit deal on which he is fighting the general election.

The Bank of England is growing increasingly concerned about Brexit uncertainty and the global slowdown, pushing two policy makers to unexpectedly vote for an interest rate cut.

Traders are also awaiting results of a general election on December 12, which will determine whether the ruling Conservative Party can capture a majority in Parliament and conclude Brexit by the January 31 deadline. The main opposition Labour Party wants to renegotiate that deal and then put it to the people in another referendum with an option for Britain to remain in the EU.

Opositores a Morales incendiaron un municipio y agredieron a una alcadesa — Bolivia
Otras ciudades de la región, como la propia Cochabamba , registraron fuertes enfrentamientos entre afines y detractores de Morales .

Uncertainty about the shape of the UK's post-Brexit relationship with the European Union has weakened the pound and dented economic confidence since the June 2016 referendum. And most other prospective lawmakers in the House of Commons are predicted to be anti-Brexit.

The daily GBPUSD chart shows the pair entering a zone of short-term support, starting from the October 17 low at 1.2749. this zone should hold but a break and close lower would open the way for GBP/USD to fall further.

Michael Saunders and Jonathan Haskel argued that the economy had "a modest but rising amount of spare capacity" and that underlying inflation was "subdued" below the bank's target rate of 2%.

The Bank's view was that Johnson's deal reduced the likelihood of a "no deal" Brexit (in the near term) alleviating some of the uncertainty facing households and businesses.

Demand for the Pound has been limited amid political uncertainty, but the Australian Dollar has seen big shifts in movement this week which have driven exchange rate movement.

The RBA remains focused on job stats, so if these beat forecasts it could lead to softer RBA interest rate cut bets and a stronger "Aussie".

A more dovish RBA knocked the Australian Dollar lower for most of Friday, but the "Aussie" also weakened on news that US President Donald Trump was not as willing to row back US-China tariffs as hoped.

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