Valentin Marinov, director of FX strategy at Citi, says investors should still be long sterling against the euro.» Read More
The Bank of England needs to pump at least another 50 billion pounds ($77.8 billion) into Britain’s “stalled” economy, says David Miles of its interest rate-setting committee, warning that only a “substantial” third round of emergency bond-buying will kick-start recovery, the Financial Times reports.
Despite the ongoing turmoil in Europe, the euro has fared well in June - but this strategist says the party is just about over.
So euro zone members want to bring down borrowing costs in Europe? Good idea. That was the one tangible idea from the G20 meeting, but unfortunately they didn't say how that would be accomplished.
The euro lifts, and British pound slips, and the Afghan currency don't get no respect — it's time for your FX Fix.
The Bank of England is on the verge of approving another round of monetary stimulus, with Governor Mervyn King supporting an extra 50 billion pounds ($78.5 biillion) of gilt purchases, minutes to its June 6-7 policy meeting showed on Wednesday.
"We definitely are at the Bank of England we saw three measures announced last week, In the US it is a bit less clear I think we probably won't have full-fledged QE but we could get some more asset purchases at the long end," Sir John Gieve, former deputy governor at the Bank of England, told CNBC.
The Federal Open Market Committee is beginning a two-day meeting, and these strategists have a trading plan.
Officials brace for the Greek election and it's tax time in Russia — time for your FX Fix.
What could happen if the central banks coordinate to provide liquidity? Peter Boockvar, Miller Tabak and Dan Greenhaus, BTIG, weigh in. "This reminds me of that magic candle that you blow out and it flares back up again" says Boockvar.
Stimulus hopes lift the euro and China's rate cut makes the Aussie jump - it's time for your FX Fix.
Mansoor Mohi-uddin, Chief Currency Strategist, UBS Investment Bank, says that the Bank of England will embark on a third round of quantitative easing by August.
The Bank of England's monetary policy committee is meeting this week, and if they do what this strategist expects, he's got a trade for you.
On the same day official figures showed the biggest slide in retail sales figures in two years and one member of the Bank of England’s interest rate-setting committee indicated it would restart its asset purchase program if the economy weakened significantly, 10-year sovereign debt yields fell to record lows.
As Greece's problems mount, the euro has been breaching new levels, but this strategist says it's no time to be contrarian.
Euro gets a reprieve and stimulus talk hits the yen - it's time for your FX Fix.
Euro Slips, Pound Trips, Asian Central Banks Intervene — it's time for your FX Fix.
The Bank of England steps back and euro fears ease - it's time for your FX Fix.
Wall Street is starting to sound a little spooked.
Repairing the economy and regulating banks is “the biggest challenge the Bank [of England] has faced for decades,” Sir Mervyn King said on Wednesday in a speech in which he conceded for the first time he should have “shouted from the rooftops” about risks before the financial crisis.
The British pound is likely to rise further against the euro in the near term despite its fall on Tuesday as it is still seen as a safe play, but in the long term it will weaken, according to currency analysts.