BoE’s package leads to a surge in bond issuance

Aug 17, 2016 08:45 am UTC| Commentary Economy Central Banks

The Bank of Englands (BoE) comprehensive package, especially the introduction of a 10 billion corporate bond purchases has triggered a mega surge in bond issuance from UK corporates as the companies join in to avail the...

Higher price makes BoE’s bond purchase operation smoother

Aug 17, 2016 07:11 am UTC| Commentary Central Banks

After a Bank of Englands (BoE) securities purchase auction failed to buy all the bonds it wanted to and failed short of 52 million, yields dropped sharply, and pushing bond prices higher. The central bank needs to purchase...

Fed Hike Aftermath Series

Fed Hike Aftermath Series: Hike odds climb to 50 percent on policymakers’ comments

Aug 17, 2016 06:09 am UTC| Commentary Central Banks Economy

The market is now evenly divided in its opinion of a rate hike from the U.S. Federal Reserve. After the Britons voted to exit from the European Union in the June referendum, hike odds for this year declined to 10 percent,...

Brexit vote changes UK inflation outlook, makes it harder for BoE to cut rates

Aug 16, 2016 11:19 am UTC| Insights & Views Economy Central Banks

Data released by the Office for National Statistics on Tuesday showed that UK annual inflation rate as measured by the Consumer Prices Index (CPI) rose to 0.6 percent in July from 0.5 percent in June, beating expectations...

FxWirePro: Commodity prices cushion AUD while RBA drives backseat for AUD/USD

Aug 16, 2016 09:47 am UTC| Insights & Views Central Banks

Amid the ongoing transition in Australias economy, the country continues to be a major resources producer, with much of its exports to the rest of the world made up of materials such as iron ore, coal, basic metals, and...

FX Hedging Strategy Series

FxWirePro: Telecom, Media and Utility sectors under FX hedging scanner after Brexit dust settling

Aug 16, 2016 08:24 am UTC| Central Banks Insights & Views

GBP benefited from a classic dead-cat bounce when the BoE opted to defer its policy response to Brexit in July. The rally was short-lived as the BoE kept its word and delivered a comprehensive package of measures at the...

FxWirePro: BoJ’s QQE with negative interest rates either continue to add impetus on further FX appreciation or keeps USD/JPY in range

Aug 16, 2016 07:52 am UTC| Central Banks Insights & Views

After the last BoJs publication of key currency views on July 15, although USD/JPY extended its upside effect, it has been restrained at 107s, the pair sharply declined on a less-aggressive than-expected BoJs additional...