Bank of England (BoE) Governor Mark Carney on Tuesday said that the BoE could cut the bank rate close to but slightly above zero if needed and added that they are likely to continue to stay in a low-interest-rate environment. “Banks in the United Kingdom have enough capital to deal with a no-deal Brexit and an intensified trade war between the United States and China,” Carney added. “Rate cuts will be passed on to households by the banking system.” The GBP/USD pair largely ignored these remarks and it was last seen trading at 1.2650, adding 0.35% on a daily basis. 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 EUR/USD Technical Analysis: Short-term top in place? FX Street 4 years Bank of England (BoE) Governor Mark Carney on Tuesday said that the BoE could cut the bank rate close to but slightly above zero if needed and added that they are likely to continue to stay in a low-interest-rate environment. "Banks in the United Kingdom have enough capital to deal with a no-deal Brexit and an intensified trade war between the United States and China," Carney added. "Rate cuts will be passed on to households by the banking system." The GBP/USD pair largely ignored these remarks and it was last seen trading at 1.2650, adding 0.35% on a daily basis. 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.
