Out With BOE In With NFPs

Special report: BOE Preview – First Cut Since 2009?

The Pound has enjoyed a nice little recovery out from +30 year post Brexit lows and is now trying to figure out its next move, with today's Bank of England policy decision having a good chance of forcing the issue. For the most part, it looks as though calls centre on a 25 basis point rate cut and some form of increase in asset purchases.

Next 24 hours: Out With BOE In With NFPs

Thursday was all about the Bank of England policy decision, which in the end didn't disappoint the doves. The BOE responded with a 25 basis point rate cut and GBP 60 billion boost to QE, while also signaling it would buy up to GBP 10 billion of corporate bonds. Attention now turns to Friday’s US NFPs.

Global FX Insights Next 24 hours   LMAX Exchange  

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