“It’s safer to err on the side of easing too much, then tighten if needed,” Bank of England (boE) policymaker Michael Saunders said while explaining while he voted to raise the target stock for asset purchases at the May meeting. Additional takeaways “Unlikely that data available at the June meeting would negate the case for further stimulus.” “Preferable to remove uncertainty about the MPC’s willingness to expand asset purchases further.” “Risks to the economy are to the downside.” “With limited monetary policy space, there is less scope to get the economy back on track.” “We do not want the economy to get stuck in a low-inflation rut.” “Some recovery in economic activity is likely as the lockdown eases.” “Picture of a dramatic fall in output is clear-cut.” Market reaction The GBP/USD pair fell on these comments and was last seen losing 0.06% on the day at 1.2243. 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 BoE’s Saunders: Economy to face other major uncertainties over Brexit and trade policies FX Street 3 years "It's safer to err on the side of easing too much, then tighten if needed," Bank of England (boE) policymaker Michael Saunders said while explaining while he voted to raise the target stock for asset purchases at the May meeting. Additional takeaways "Unlikely that data available at the June meeting would negate the case for further stimulus." "Preferable to remove uncertainty about the MPC’s willingness to expand asset purchases further." "Risks to the economy are to the downside." "With limited monetary policy space, there is less scope to get the economy back on track." "We do not want the economy to… 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.
