Tag: BoE

forex market crypto news and updates
May 21, 2020 BY Valentina Kirilova

Daily Market News: Stocks pause after reopening rally

Bank of England governor says negative rates under ‘active review’ London-listed stocks closed the day higher, with the FTSE 100 up 1.1%, as Bank of England governor Andrew Bailey said that negative interest rates in the United Kingdom were under “active review.” The statement is a U-turn on his position a week ago, when he…

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Forex Weekly Look Back
April 03, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: Stocks continue to tumble, IG Group launches institutional offering, UK banks cut payments to shareholders

Saxo Bank Group announced lower profit of DKK 40 million net profit this year, but record number of new clients in its 2019 report. Retail FX brokerage group Admiral Markets announced that it has expanded its Premium Analytics portal to include featured trading ideas from Trading Central. Traders can now use Admiral Markets’ Premium Analytics portal to…

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April 01, 2020 BY Steffy Bogdanova

UK Banks give in to pressure amid coronacrisis and cut shareholders

The deputy governor of the BoE, Sam Woods contacted other bank executives to ask them to cut dividend payments and to confirm by Tuesday evening. Prudential Regulation Authority, part of BoE, stated: Although the decisions taken today will result in shareholders not receiving dividends, they are a sensible precautionary step given the unique role that…

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Forex Weekly Look Back
March 27, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: Governments and regulators take measures to counter the corona-crisis

The Securities and Exchange Commission announced yesterday a temporary flexibility for registered funds affected by the recent volatile market situation to borrow funds from certain affiliates and to enter into certain other lending arrangements. The relief is interceded to provide funds with additional tools to manage their portfolios so that all shareholders as investors may…

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March 26, 2020 BY Steffy Bogdanova

UK regulators issue a joint letter to the UK banks to protect the UK economy and jobs

The UK regulation authorities announced last week a set of unprecedented measures to support UK businesses and protect jobs: For large firms of investment grade or equivalent, the COVID Corporate Financing Facility (CCFF) will provide additional help to address disruptions in the cashflow caused by the Covid-19 pandemic. For small and medium-sized businesses (SMEs), the…

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weekly markets analysis
January 27, 2020 BY Valentina Kirilova

Weekly forex data preview: Central banks and GDP

The following article was submitted by Michael Stark, market analyst at Exness. The most important events this week for forex markets are the meetings of the Fed and the BoE on Wednesday and Thursday. Other key releases include GDP in the USA and various countries in the eurozone. Last week’s most important scheduled event was…

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BoE: Bank of England could lower rates next week
January 24, 2020 BY Valentina Kirilova

BoE: Bank of England could lower rates next week

The following article was written by Alejandro Zambrano, Chief Market Strategist at ATFX UK. With seven days to the January 30 Bank of England rate meeting, the rate markets are anticipating the central bank to ease the interest rate from 0.75% to 0.50% with a likelihood of 61%. Weak GDP growth and comments from the…

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