Bank of England keeps interest rates low and ECB introduce QE

Yesterday’s announcement from the Bank of England (BoE) did little to strengthen the pound against the Swiss franc, as they once again voted to keep interest rates unchanged – this time with all nine members in favour of maintaining the status quo. Martin Weale and Ian McCafferty had previously opposed keeping rates low, however concerns about … Read more Bank of England keeps interest rates low and ECB introduce QE

GBP/AUD falls after SNB announcement

GBP/AUD falls into $1.84s The Australian dollar has been trading firmer after a turbulent end to last week. The Swiss National Bank (SNB) announced on Thursday that they were removing the EUR/CHF cap, previously set at 1.20 francs. As a result the Swiss currency strengthened massively, moving 20 cents against sterling in a matter of … Read more GBP/AUD falls after SNB announcement