Bank of England to plough lone furrow with rate hike message | Forex Factory

  • Bank of England to plough lone furrow with rate hike message

    From uk.reuters.com

    The Bank of England looks set to plough on alone among major central banks on Thursday by sticking with its message that it plans to raise interest rates, just as trade wars and a global slowdown have forced others to turn more cautious.The BoE is expected to repeat its intention of raising borrowing costs - Brexit permitting - in a week in which European Central Bank President Mario Draghi broached another round of stimulus and the U.S. Federal Reserve signalled it could cut interest rates later this year. The BoE is due to announce its June policy decision at 1100 GMT. Economists polled by Reuters think there will ... (full story)

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Bones
Jun 20, 2019 5:58am
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I wonder if Boris is watching his language or just unreliable
he was softer than I thought in the debate

Quoting Exodus
{quote} The BoE can shoot the breeze all it wants, when the votes become non-unanimous the market will move. There are a couple of dubious statements in the article, such as this one: {quote} The concern is that Boris will take the UK out of the EU without a deal.
Reply
Bones
Jun 20, 2019 8:38am
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$ will drive it up for now, from that space
$ just about to fail its weekly this or next
Quoting Exodus
{quote} I don't watch many of these 'debate' events. A while back I realised that they are just a part of the circus, and now they make me feel queasy. Looks as though the market was expecting a rise, or something, because GBP seems headed down again. It is a bit early to call, so wait a bit longer.
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Bones
Jun 20, 2019 10:13am
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lol , he's smarter than that dim wit May and non elected Oliy Robins

Oh, yea I didn't see the statement by Bojo,
when I think how he was in London his position is a little off ,but he did lead from the front in the ref campaign



Quoting barkie
{quote} His base are leavers so he acts like a leaver but deep in his heart he's a fanatic remainer as the evidence in my previous comment shows. Another problem is he's not very smart.
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Exodus
Jun 20, 2019 5:07am
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Quote
The BoE is expected to repeat its intention of raising borrowing costs
The BoE can shoot the breeze all it wants, when the votes become non-unanimous the market will move.

There are a couple of dubious statements in the article, such as this one:
Quote
The pound has fallen by 5% since early May, as concern grew that Boris Johnson, the top contender to become prime minister, will lead Britain out of the European Union with or without a deal by Oct. 31.
The concern is that Boris will take the UK out of the EU without a deal.
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Exodus
Jun 20, 2019 6:18am
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Quoting Bones
I wonder if Boris is watching his language or just unreliable he was softer than I thought in the debate {quote}
I don't watch many of these 'debate' events. A while back I realised that they are just a part of the circus, and now they make me feel queasy.

Looks as though the market was expecting a rise, or something, because GBP seems headed down again. It is a bit early to call, so wait a bit longer.
Reply
barkie
Jun 20, 2019 9:39am
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Quoting Bones
I wonder if Boris is watching his language or just unreliable he was softer than I thought in the debate {quote}
No he's just unreliable (remainer).

"And then there is the whole geostrategic anxiety. Britain is a great nation, a global force for good. It is surely a boon for the world and for Europe that she should be intimately engaged in the EU. This is a market on our doorstep, ready for further exploitation by British firms: the membership fee seems rather small for all that access." Bojo / June 22, 2016
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barkie
Jun 20, 2019 10:07am
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Quoting Bones
he's a leaver? but he's not extreme imo {quote}
His base are leavers so he acts like a leaver but deep in his heart he's a fanatic remainer as the evidence in my previous comment shows. Another problem is he's not very smart.
Reply
Bones
Jun 20, 2019 5:53am
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£ down is inflation up
is interest rates up
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Bones
Jun 20, 2019 8:43am
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Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-06-20 at 14.42.48.png Size: 36 KB
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Bones
Jun 20, 2019 9:46am
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he's a leaver? but he's not extreme imo


Quoting barkie
{quote} No he's just unreliable (remainer).
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Bones
Jun 20, 2019 10:15am
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the other week the bus message that changed everything was all his fault in a court
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Trader#73CA
Jun 20, 2019 4:17am
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Along with the Norwegian Central Bank
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Goldorak06
Jun 20, 2019 4:22am
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the only problem is that US and ECB told they won't touch rates , so it takes time to the market to realise that their dreams are only wind , after comes the doubt , and followed by the panic , same old story :-)
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smctrader
Jun 20, 2019 3:56am
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Hike baby, hike.
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Trader#8086
Jun 20, 2019 5:58am
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Quoting Exodus
{quote} The BoE can shoot the breeze all it wants, when the votes become non-unanimous the market will move. There are a couple of dubious statements in the article, such as this one: {quote} The concern is that Boris will take the UK out of the EU without a deal.
Hmm.. given that GBP may be seriously devalued if UK leaves EU without a deal, is this is important for GBP tech traders to watch?
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