The Maharajah of Sydney
Well-known member
Fallen 1.5c against USD and and about 100 pips against the Euro after the release of the Bank of England minutes at 9.30.am.
Some of the main points were ;
MPC considered cutting rates
Possible that further monetary stimulus alone is insufficient
Should consider other measures
More targeted intervention needed to boost demand .
It suggests they’re running out of ideas .
Some of the main points were ;
MPC considered cutting rates
Possible that further monetary stimulus alone is insufficient
Should consider other measures
More targeted intervention needed to boost demand .
It suggests they’re running out of ideas .