Bank of England Governor Mark Carney told MPs he did not know when UK interest rates should start to rise.» Read More
The dollar looked set for a second week of losses on Friday, after a string of poor U.S. economic data that gave investors no reason to expect higher interest rates soon.
Steven Saywell, global head of foreign exchange strategy at BNP Paribas, comments on the U.K GDP data and says the Bank of England should be the first major bank to hike rates.
The Bank of England has always provided its forward guidance "faithfully and consistently" says Mark Carney, governor at the Bank of England, brushing off "unreliable boyfriend" criticism.
The Bank of England has issued two recommendations to limit risk of household indebtedness with regards to the U.K. housing market says Mark Carney, governor at the Bank of England.
Chris Walker, foreign exchange strategist at Barclays, says Bank of England Governor Mark Carney was very clear that he "hasn't shown its entire hand" and explains why a rate hike later this year is still possible.
Bill O'Neill, head of CIO wealth management research U.K. at UBS, discusses the macro measures the Bank of England could unveil in an effort to cool down the U.K. housing market.
Richard Woolhouse, chief economist at BBA, says the U.K. housing market is cooling down, adding that the Bank of England is likely to hike rates this year.
Simon Wells, chief U.K. economist at HSBC, says the Bank of England faces a "historic" moment as it decides how to take the heat out of the U.K.'s housing market.
Mark Carney, governor at the Bank of England, says that recent U.K. wage data has been softer than the bank had anticipated but that earnings growth should accelerate in the second half of 2014.
The Australian and New Zealand dollars both jumped on Monday, after a promising China manufacturing survey.
Jonathan Ashworth, UK Economist at Morgan Stanley, says the interest rate rise in the U.K. is going to be gradual so the economic recovery is not threatened.
John Hardy, foreign exchange strategist at Saxo Bank, says the market is "aggressively" pricing in a Bank of England rate hike in 2014, and comments on the latest minutes.
David Owen, chief European economist at Jefferies International, says that the U.K. inflation data "is undershooting" the Bank of England's expectations and discusses the timing for a rate hike.
Valentin Marinov, director of FX strategy at Citi, says the Bank of England will raise interest rates in November, though better data out of the U.K. could bring the hike forward.
The dollar was up around a third of a percent against the yen as markets listened to the Bank of Japan's latest comments on policy on Friday.
The Bank of England may hike rates earlier than expected, says Mark Carney, governor of the Bank of England, but the decision will be data-dependent.
Simon Derrick, chief currency strategist at BNY Mellon, says the cost of living crisis has been "the number one issue" for the U.K. economy and discusses the Bank of England's guidance.
Dominic Bunning, Currency Strategist at HSBC, discusses how Mark Carney's comments about a sooner-than-expected. rate hike can impact various currencies.
British finance minister George Osborne gave the BoE stronger powers to curb mortgage lending and reduce the risks of the housing market.
The Europeans need to build confidence back into the system, says Charles Kantor, Neuberger Berman, talking with Brian Belski, BMO Capital Markets, about what the ECB needs to do to boost the euro zone economy.