Thu, Nov 6 2008, 13:55 GMT
by Allan von Mehren
Overview: Bank of England (BoE) took an unprecedented step today by cutting the Bank Rate 150bp. This took the Bank Rate from 4.5% to 3.0%. Consensus (and our forecast) was an easing of 50bp. Hence BoE's move was a major surprise and indicates that central banks are ready to take extraordinary measures to fight the global slow down. We now expect BoE to cut further by 50bp in the following 3 months, taking the Bank Rate to 1.5% in Q1.
Published on Thu, Nov 6 2008, 13:57 GMT
Danske Bank
| Holmens Kanal 2-12, DK-1092 Copenhagen
http://www.danskebank.com/ | danskeresearch@danskebank.com
FX View - Headline unemployment rate creates dollar shocker by Interactive Brokers LLC
Fri, Nov 6 2009, 18:41 GMT
Forex Daily Overview - USD mixed, unemployment rises to 10.2% by Easy Forex
Fri, Nov 6 2009, 18:31 GMT
Weekly Market Commentary - Fed, BOE and ECB kept rates on hold by Mizuho Corporate Bank
Fri, Nov 6 2009, 15:45 GMT
Forex Daily Analysis - USDJPY is moving towards support level at 89.55 by Investija.com
Fri, Nov 6 2009, 14:35 GMT
Forex Technical Report - U.S. Markets Brace for Jobs Data by ForexHound.com
Fri, Nov 6 2009, 13:29 GMT
eurusd, boe, ecb, centralbanks, interestrate, gbpusd
View AllForex: EUR/USD: Euro post weekly gains
FXstreet.com | Fri, Nov 6 2009, 22:49 GMT
CURRENCIES: Dollar Dips Vs. Yen As Jobs Data Have Fed On Hold
Dow Jones | Fri, Nov 6 2009, 22:14 GMT
U.S. markets ended with small gains, up for the week; Dollar mixed
FXstreet.com | Fri, Nov 6 2009, 21:32 GMT
Forex: GBP/USD: Cable hovering around 1.6600
FXstreet.com | Fri, Nov 6 2009, 20:34 GMT
CURRENCIES: Dollar Dips Vs Yen As Jobs Data Has Fed On Hold
Dow Jones | Fri, Nov 6 2009, 20:25 GMT
eurusd, boe, ecb, centralbanks, interestrate, gbpusd
View AllGET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program