| CATEGORY: NEWS AND ANNOUNCEMENTS |
Tue 17 Jul 2012
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LONDON (SHARECAST) - One of the aspects of today´s Treasury Select Committee testimony that market participants have grasped upon are the remarks from Bank of England Director Paul Fisher to the effect that the central bank will not be attempting to ‘exit’ monetary policy “any time soon”.
Nonetheless, he does believe that policy-makers ought to review the conclusions of their prior and considerable studies of how to do so.
Even so he also indicated that any such plans cannot be definitive until they know the “circumstances of the time”, including how quickly QE needs to be unwound.
Euro/Gbp is now down by 0.18%, to the 0.78376 mark. Worth noting, some investors believe that slower Chinese reserve diversification will add to downwards pressure on the single currency. Nonetheless, technical indicators are close to going into so-called “oversold” territory.
AB
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