BoE’s Bailey Says Inflation Above Target is Concerning -Yorkshire Post
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2y ago
(Reuters) -Inflation running above the Bank of England’s target of 2.0% is concerning and must be managed to prevent it from becoming permanently embedded, the bank’s governor, Andrew Bailey, said in an interview with The Yorkshire Post newspaper ..read more
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Bank of England’s Saunders Says Get Ready for Early Rate Rise
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2y ago
LONDON (Reuters) – Bank of England policymaker Michael Saunders told households to get ready for “significantly earlier” interest rate rises as inflation pressure mounts in the British economy, the Telegraph newspaper said on Saturday ..read more
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BoE’s Bailey Says Inflation Above Target is Concerning – Yorkshire Post
FX Empire
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2y ago
(Reuters) -Inflation running above the Bank of England’s target of 2.0% is very concerning and must be managed to prevent it from becoming permanently embedded, the bank’s governor, Andrew Bailey, said in an interview with The Yorkshire Post newspaper ..read more
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Dollar Steady After Jobs Miss as Investors Bet Taper is On Track
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2y ago
NEW YORK (Reuters) -The U.S. dollar was little moved by a disappointing U.S. employment report on Friday, as traders bet that the numbers will not sway the Federal reserve from starting a tapering of its asset purchases as early as November ..read more
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Jobs Rebound, Hot Inflation Bolster Case for Bank of Canada Rate Hike
FX Empire
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2y ago
OTTAWA (Reuters) – Canada’s return to pre-pandemic job levels has likely sealed the deal on the Bank of Canada ending its quantitative easing program this month and, coupled with red hot inflation, bolsters the case for the central bank to move more quickly on rate hikes, analysts say ..read more
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Dollar Creeps Higher Ahead of U.S. Jobs Report
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2y ago
LONDON (Reuters) – The dollar edged higher versus major peers on Friday but within a narrow range as traders awaited clues from the U.S. non-farm payrolls report on the pace of Federal Reserve policy normalization ..read more
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Column: Rate trap? BoE and Sterling Snared by Rate Frenzy
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2y ago
LONDON (Reuters) – If the Bank of England is bluffing on its rate raising plans, it increasingly risks triggering a trap door for sterling ..read more
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U.S Nonfarm Payrolls Puts the Greenback in the Spotlight
FX Empire
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2y ago
It’s a busier day ahead on the economic calendar, with stats from Germany and Canada in focus. U.S nonfarm payrolls will be the key stat of the day, however ..read more
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Greece: High Government Debt, Sovereign-Bank Nexus, Weak Growth Potential Remain Economic Challenges
FX Empire
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2y ago
Greece needs to reduce elevated debt of around 200% of GDP, recapitalise the domestic banking system and eliminate structural economic bottlenecks to ease outstanding credit rating constraints, says Scope Ratings ..read more
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Dollar Takes a Pause Ahead of U.S. Jobs Data
FX Empire
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2y ago
NEW YORK (Reuters) -The dollar was steady against a basket of currencies on Thursday, the day before U.S. labor market data that could provide clues to timing of the Federal Reserve’s next move ..read more
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