The expected impacts of measures from the BoE and the UK government may have conflicting directional cues for spot (all else equal), but also exert their influence over different time horizons, according to economists at TD Securities. Key quotes “The announcement effect of the BoE’s easing measures will be GBP negative while any public spending boost will act in the opposite direction — again, all else equal.” “The demonstration of the UK authorities’ resolve to combat the economic damage in a comprehensive and coordinated way is likely to lift sentiment toward the UK economy overall. That should ultimately work to sterling’s benefit.” “We think the net effect of a coordinated support package should be positive for the GBP overall. With BoE rate cuts all but fully priced, a QE announcement may knock GBP lower in an immediate knee-jerk response. That may prove to be only a temporary reaction, however, if the government follows with a set of fiscal measures.” 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 GBP/USD clings to gains near 1.30 mark post-US NFP FX Street 3 years The expected impacts of measures from the BoE and the UK government may have conflicting directional cues for spot (all else equal), but also exert their influence over different time horizons, according to economists at TD Securities. Key quotes “The announcement effect of the BoE's easing measures will be GBP negative while any public spending boost will act in the opposite direction — again, all else equal.” “The demonstration of the UK authorities' resolve to combat the economic damage in a comprehensive and coordinated way is likely to lift sentiment toward the UK economy overall. That should ultimately work 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.