Ok Sunday review on Cable;
BOE - negative rates won't happen for at least a year- as the systems needs to be updated to handle it.
But it will only happen if the bank feels that the economy needs the stimulus to hit the 2% interest rate level according to Bailey
So 15 July CPI figures are going to be important.
At the moment CPI is on a downward trajectory- although PMIs have improved- and the economy is opening.
The week of 15 July is going to be important.
Atm all the money is flowing out of the dollar and into risk currencies.
Bonds.....hmm....
Brexit negotiations back on again next week
1.2500 important level
Aussie cash rate meeting this week....
BOE - negative rates won't happen for at least a year- as the systems needs to be updated to handle it.
But it will only happen if the bank feels that the economy needs the stimulus to hit the 2% interest rate level according to Bailey
So 15 July CPI figures are going to be important.
At the moment CPI is on a downward trajectory- although PMIs have improved- and the economy is opening.
The week of 15 July is going to be important.
Atm all the money is flowing out of the dollar and into risk currencies.
Bonds.....hmm....
Brexit negotiations back on again next week
1.2500 important level
Aussie cash rate meeting this week....
No macro - no trade
1