After the UK’s inflation rate fell in April to its lowest since August 2016, money markets raise bets on the Bank of England’s (BOE) interest rates turning negative from December, per BOE WATCH. The implied policy rates are seen just below 0% by end-2020. The odds for negative interest rates got ramped up after the Bank of England’s (BOE) Chief Andy Haldane said, “there are other options beyond that, or alongside that, that we’re looking at as well.” Market reaction The pound was offered into the softer UK inflation figures, with GBP/USD now losing 0.10% to trade at 1.2240. The spot hit a daily low of 1.2228 on the data release. 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 AUD/USD holds steady above 100-DMA, around mid-0.6500s FX Street 2 years After the UK's inflation rate fell in April to its lowest since August 2016, money markets raise bets on the Bank of England’s (BOE) interest rates turning negative from December, per BOE WATCH. The implied policy rates are seen just below 0% by end-2020. The odds for negative interest rates got ramped up after the Bank of England’s (BOE) Chief Andy Haldane said, “there are other options beyond that, or alongside that, that we're looking at as well.” Market reaction The pound was offered into the softer UK inflation figures, with GBP/USD now losing 0.10% to trade at 1.2240. The spot hit… 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.
