-
Carney Gets Ahead of Market Expectations; Sterling Slumps, Gilts Soar
Sterling has slumped two cents in the wake of the Bank of England's announcement. It cut the base rate 25 bp and announced a resumption of its asset purchase program. It will buy GBP60 bln of Gilts and added corporate bonds to its purchase plan, which will be completed over the next six months. Corporate bonds will initially account for up to GBP10 bln asset purchase. The rate cut was widely anticipated. There was less of a consensus around the asset purchases, and a few expected that corporate bonds would be included. The Bank of England also left the door open to doing more. Many expect another rate cut to bring ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Aug 4, 2016 8:54am Aug 4, 2016 8:54am
- NewtonsCash
- Joined Mar 2014 | Status: Member | 2586 Comments
- Comment #2
- Quote
- Aug 4, 2016 9:15am Aug 4, 2016 9:15am
- mazchaudhry
- | Commercial Member | Joined May 2013 | 68 Comments
- Comment #3
- Quote
- Aug 4, 2016 9:16am Aug 4, 2016 9:16am
- pan.x
- | Joined Aug 2010 | Status: Member | 19 Comments
- Comment #4
- Quote
- Aug 4, 2016 9:16am Aug 4, 2016 9:16am
- NewtonsCash
- Joined Mar 2014 | Status: Member | 2586 Comments
- Comment #5
- Quote
- Aug 4, 2016 9:35am Aug 4, 2016 9:35am
- jampang
- | Joined Aug 2013 | Status: Member | 21 Comments
- Comment #6
- Quote
- Aug 4, 2016 9:44am Aug 4, 2016 9:44am
- Guest
- | IP XX.XX.192.67
- Comment #7
- Quote
- Aug 4, 2016 10:09am Aug 4, 2016 10:09am
- NewtonsCash
- Joined Mar 2014 | Status: Member | 2586 Comments
- Comment #8
- Quote
- Aug 4, 2016 10:19am Aug 4, 2016 10:19am
- hypervash
- | Joined Jul 2016 | Status: Member | 2 Comments
- Comment #9
- Quote
- Aug 4, 2016 10:31am Aug 4, 2016 10:31am
- Guest
- | IP XX.XX.93.248
- Comment #10
- Quote
- Aug 4, 2016 10:48am Aug 4, 2016 10:48am
- frx_trader
- | Joined Jun 2012 | Status: Analyst | 3129 Comments
- Comment #11
- Quote
- Aug 4, 2016 11:08am Aug 4, 2016 11:08am
- Guest
- | IP XX.XX.27.146
- Comment #12
- Quote
- Aug 4, 2016 11:12am Aug 4, 2016 11:12am
- barkie
- | Joined Mar 2014 | Status: Member | 1647 Comments
- Comment #13
- Quote
- Aug 4, 2016 12:01pm Aug 4, 2016 12:01pm
- frx_trader
- | Joined Jun 2012 | Status: Analyst | 3129 Comments
- Comment #14
- Quote
- Aug 4, 2016 3:48pm Aug 4, 2016 3:48pm
- Guest
- | IP XXX.XXX.230.90
- Comment #15
- Quote
- Aug 4, 2016 7:08pm Aug 4, 2016 7:08pm
- Fader123
- Joined Feb 2016 | Status: Member | 47 Comments
- Comment #16
- Quote
- Aug 4, 2016 8:55pm Aug 4, 2016 8:55pm
- hypervash
- | Joined Jul 2016 | Status: Member | 2 Comments
- Comment #17
- Quote
- Aug 5, 2016 4:54am Aug 5, 2016 4:54am
- BackTestDummy
- | Joined Jan 2007 | Status: Member | 85 Comments
I've got my pips - go get yours!