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

UK interest rate rise

Since the UK currency headlines have been dominated by news surrounding a possible BoE decision on interest rates, the associated speculation has been the one of the main drivers of exchange rate movements. For the past three months, the minutes from the MPC meetings have showed a 7-2 split in favour of keeping interest rates … Read more UK interest rate rise