The Bank of England’s decision to delay any change to its QE programme provided a short term boost for sterling.
BoE decides not to expand QE, for now
The Bank of England’s decision to delay any change to its QE programme provided a short term boost for sterling.
A weakening of the macro economic outlook supported the USD except against the yen.
A cut in the refinancing rate and a drop in the price of oil has left the ruble underperforming.
The decision by the BoE not to expand its programme of gilt purchases beyond £125bn caught markets by surprise on Thursday and initiated a sharp sell-off in gilts.
