“The Bank of England held its policy rate at 0.75%, but hinted towards a slightly faster pace of tightening under their assumed orderly Brexit scenario,” ANZ analysts pointed out in their daily market report. Key quotes “On that front, Governor Carney outlined that the Bank remains ready to act if a Brexit deal isn’t reached, stating “since the nature of EU withdrawal is not known at present, and its impact on the balance of demand, supply and the exchange rate cannot be determined in advance, the monetary policy response will not be automatic and could be in either direction”. “He also suggested that a no-deal Brexit could possibly drive higher inflation, by triggering a supply-side shock that warrants higher interest rates. The GBP rallied and gilts slid.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar Index Technical Analysis: Greenback sells-off as DXY bears erase weekly gains FX Street 4 years "The Bank of England held its policy rate at 0.75%, but hinted towards a slightly faster pace of tightening under their assumed orderly Brexit scenario," ANZ analysts pointed out in their daily market report. Key quotes "On that front, Governor Carney outlined that the Bank remains ready to act if a Brexit deal isn't reached, stating "since the nature of EU withdrawal is not known at present, and its impact on the balance of demand, supply and the exchange rate cannot be determined in advance, the monetary policy response will not be automatic and could be in either direction". "He… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
