“It is likely that unemployment will go up a bit from here but not as much as forecast in February,” Bank of England (BoE) policymaker Michael Saunders said on Friday, as reported by Reuters. Additional takeaways “We do not target sterling.” “Overall financial conditions, including fx, have not changed that much since the start of the year.” “There are arguments for setting a slightly lower threshold for bank rate before adjusting the balance sheet.” “The recent rise in government bond yields has not changed overall financial conditions.” Market reaction The GBP/USD pair edged modestly higher following these remarks and was last seen gaining 0.35% on the day at 1.3780. 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 Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto market directionless as CME Bitcoin options expire FX Street 8 months "It is likely that unemployment will go up a bit from here but not as much as forecast in February," Bank of England (BoE) policymaker Michael Saunders said on Friday, as reported by Reuters. Additional takeaways "We do not target sterling." "Overall financial conditions, including fx, have not changed that much since the start of the year." "There are arguments for setting a slightly lower threshold for bank rate before adjusting the balance sheet." "The recent rise in government bond yields has not changed overall financial conditions." Market reaction The GBP/USD pair edged modestly higher following these remarks and was… Top 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.
