BoE rate call looms, Asian shares firm as oil Rebounds for Now
Investors are counting on the Bank of England to cut interest rates to a record low 0.25 percent later on Thursday to support an economy that has slumped since the Brexit vote. The expected BoE cut would be the first since 2009 as Britain's economy teeters on the brink of recession.
Many market players also believe the BoE may resume its multi-billion-pound quantitative easing program of government bond purchases.
The British pound traded at USD 1.3325, keeping some distance from its three-decade low of USD 1.2798 hit almost a month ago, although currency markets may be somewhat ambivalent over how to react to the BoE decision - buy sterling if the BoE cuts, sell if it doesn't, or vice versa.
Get live Indian Stock Market News Updates visit us : http://www.ripplesadvisory.com/aboutus.php or Get Two Days Free Trial just on One Missed Call @98-27-80-80-90
Investors are counting on the Bank of England to cut interest rates to a record low 0.25 percent later on Thursday to support an economy that has slumped since the Brexit vote. The expected BoE cut would be the first since 2009 as Britain's economy teeters on the brink of recession. 
No comments:
Post a Comment