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1 February 2021 - Negative rates now an unlikely addition to BoE’s weaponry
"This week’s Bank of England Monetary Policy Committee meeting is unlikely to feature a rate cut into negative territory.
Such a radical move is not warranted currently since it could easily blow up in the face of the bank and exacerbate the economic recovery from the pandemic.
The UK’s post-Brexit trading position is gradually improving although a deal with the U.S. will probably take as long as several market professionals had warned.
There was news over the weekend that the UK is applying to join the Trans-Pacific trade group, consisting of 11 nations including Japan, Australia, Canada, and New Zealand. This would cement relations with several countries in the region although the UK already has trade deals with 7 of the members.
"
Beyond Currency Market Commentary:
Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
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By CurrencyTransfer
5
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"This week’s Bank of England Monetary Policy Committee meeting is unlikely to feature a rate cut into negative territory.
Such a radical move is not warranted currently since it could easily blow up in the face of the bank and exacerbate the economic recovery from the pandemic.
The UK’s post-Brexit trading position is gradually improving although a deal with the U.S. will probably take as long as several market professionals had warned.
There was news over the weekend that the UK is applying to join the Trans-Pacific trade group, consisting of 11 nations including Japan, Australia, Canada, and New Zealand. This would cement relations with several countries in the region although the UK already has trade deals with 7 of the members.
"
Beyond Currency Market Commentary:
Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.