Swiss Economicblogs.org
Sterling quickly steadied after a lurch downward following the latest Bank of England (BoE) policy easing. But looming Brexit negotiations and the UK’s twin deficits cast a shadow over the currency On 4 August, the BoE delivered a broad easing package that beat market expectations. Furthermore, the BoE hinted at an additional rate cut later in the year (our scenario is for another 15bp rate cut in Q4 2016). The easing package delivered by the BoE was a more aggressive response to Brexit...
Read More »Sterling steadies after BoE easing, but other factors coming into focus
