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Tag: Bank of England


Capital and Risk, Regulations, Trading

How Central Banks Impact the Forex Market

November 9, 2022

Via: DailyFX

Central banks are mainly responsible for maintaining inflation in the interest of sustainable economic growth while contributing to the overall stability of the financial system. When central banks deem it necessary they will intervene in financial markets in line with […]


Capital and Risk, Liquidity

British Pound Latest: GBP/USD Caught Between The Fed and The BoE

October 31, 2022

Via: DailyFX

It looks highly likely that both the Federal Reserve and the Bank of England will hike their borrowing rates by 75 basis points this week, as both central banks continue to struggle with persistently high inflation. While both announcements will […]


Capital and Risk, Liquidity

Central Bank Watch: BOE & ECB Interest Rate Expectations Update

May 17, 2022

Via: DailyFX

In this edition of Central Bank Watch, we’ll cover the two major central banks in Europe: the Bank of England and the European Central Bank. There’s been somewhat of a divergence between the BOE and ECB in recent weeks, where […]


Capital and Risk, Liquidity

Bank of England Preview: How Will The Pound (GBP) React?

February 2, 2022

Via: DailyFX

The Bank of England is expected to deliver a 25bps hike at its upcoming meeting with a 9-0 vote split. A reminder that last month, Tenreyro had been the sole dissenter, voting to keep the Bank rate unchanged given the […]


Capital and Risk, Liquidity

US Dollar Flexes Against British Pound Ahead of the Fed and BoE. Where to for GBP/USD?

November 3, 2021

Via: DailyFX

The US Dollar has made ground in a week full of central bank action. The RBA led the way yesterday, stepping back from yield curve control having already begun tapering their bond purchasing program. The Fed are up today, and […]


Capital and Risk, Liquidity

EUR/GBP Likely to be Choppy as BOE-ECB Risks Unfold

October 27, 2021

Via: DailyFX

EUR/GBP continues to trade with a bearish inclination as the pound remains supported by expectations that the Bank of England will need to step up its efforts to reduce monetary stimulus in its meeting next week. The pair has been […]


Capital and Risk, Liquidity

British Pound (GBP) Boosted as Bank of England Warns of Higher Interest Rates

October 11, 2021

Via: DailyFX

The Bank of England may need to hike interest rates earlier than previously expected as UK inflation runs hot, according to two members of the central bank’s rate-setting committee. Speaking to the Yorkshire Post, BoE governor Andrew Bailey said that […]


Capital and Risk, Liquidity

British Pound (GBP) Price Outlook: GBP/USD at Risk From Truck Driver Shortage

August 25, 2021

Via: DailyFX

News reports that UK restaurants and supermarkets are running out of supplies could be long-term negative for the British Pound if it delays the eventual tightening of monetary policy by the Bank of England. McDonald’s, for example, said Tuesday that […]


Capital and Risk, Liquidity, Retail Banking

UK central bank unveils Islamic finance liquidity alternative

December 3, 2020

Via: FinTech Futures

Sharia-compliant banking forbids users from earning or paying interest. This means Muslim customers in less densely populated Islamic regions, like the UK, have historically struggled to find products which suit their financial needs. Fintechs have cropped up to bridge this […]


Capital and Risk, Credit

Coronavirus May Light Fuse on ‘Unexploded Bomb’ of Corporate Debt

March 11, 2020

Via: The New York Times

To grasp why the most important central banks — from the Fed to the Bank of England to the Bank of Japan —- are now leaping into action as if the world were on fire, it helps to examine the […]


Regulations

FCA stirs up competition for banks’ easy access saver accounts

January 10, 2020

Via: Banking Technology

After 12 months of offering multiple introductory rates, banks will then have to decide on one single easy access rate (SEAR) for their easy access cash savings accounts, and one for their easy access cash savings ISAs. The regulator says […]


Regulations

Citigroup fined record £43.9m for ‘widespread’ regulatory reporting failures

November 27, 2019

Via: Banking Technology

PRA deputy governor Sam Woods says “Citi failed to deliver accurate returns and failed to meet the standards of governance and oversight of regulatory reporting which [the PRA] expect of a systemically important bank”. The Bank of England, which oversees […]


Activity, Trading

BOE rate hike not enough to lift British pound versus dollar

August 2, 2018

Via: Market Watch

The Bank of England’s interest-rate hike wasn’t enough to lift the British pound into positive territory versus the U.S. dollar on Thursday. The U.K. central bank upped its benchmark rate by 25 basis points to 0.75% in an unexpectedly unanimous […]


Capital and Risk, Liquidity

Bitcoin has ‘pretty much failed’ as a currency, Bank of England Governor Carney says

February 20, 2018

Via: CNBC

Bank of England Governor Mark Carney raised concern over extreme volatility in the world’s best known digital currency. “It has pretty much failed thus far on … the traditional aspects of money. It is not a store of value because […]


Capital and Risk, Operational

New UK Payment System Operator formed

September 13, 2017

Via: Finextra

The Payment Systems Regulator (PSR) and Bank of England (BoE) have today announced that the Payment System Operator Delivery Group (PSODG) has completed the necessary steps to deliver against the mandate that the regulators tasked it with. Following the appointment […]