Bank of England Preview: No Changes This Time

January 6, 2010

British monetary policy is on hold until at least February and possibly beyond midyear.  The last base rate cut occurred in March 2009 and culminated 450 basis points of reduction from 5.0% to 0.5% squeezed into five months.  Additional easing since then has been engineered via quantitative purchases of assets, mostly gilts, that will reach […] More

Dollar Reversal Gaining Momentum

December 15, 2009

The dollar has risen 1.1% against the Australian dollar, 0.8% versus the Swiss franc, 0.7% relative to the euro and kiwi, 0.5% against sterling and 0.4% against the Canadian dollar.  USD/JPY slid 0.2%.  Investors are scrambling to unload short dollar positions, believing the U.S. will grow faster than thought previously and fearful about the Greek […] More