Bank of England Reports Published in November 2019
UK International Reserves – Read the report
The Bank of England manages the UK’s official reserves on behalf of the Government. They publish data on UK holdings of international reserves and foreign currency liquidity once a month.
Monthly Decision Maker Panel Data – Read the report
The Decision Maker Panel (DMP) is a survey of Chief Financial Officers from small, medium and large UK businesses. It is used to monitor developments in the economy and to track businesses’ views.
Monetary Policy Report – Read the report
This quarterly Monetary Policy Report sets out the economic analysis and inflation projections that the Monetary Policy Committee uses to make its interest rate decisions.
Pound Surges to Two-year High Against the Euro
From: The BBC
Sterling has jumped after opinion polls suggested the UK would avoid a hung parliament after next week’s election.
The pound reached a seven month high against the dollar and its highest level against the Euro since May 2017.
Global Stock Markets Snap Losing Streak
From: Daily Forex
Asian stock markets were trading higher on Thursday, snapping a nearly week-long losing streak after Wall Street indexes turned positive on Wednesday.
The gains came as investors found new reasons to hope for a trade deal between the United States and China, after U.S. President Donald Trump said that the trade talks were going “very well” on Wednesday.
Pound Rises as Election Outlook Improves
From: Daily Forex
Expectations that the UK’s Conservative Party is poised to win a solid majority in next week’s general election gave a solid boost to the Pound Sterling.
Analysts say that this could help alleviate uncertainty which has put pressure on the Pound. Avoiding a hung Parliament will likely appeal to investors who have largely taken a wait-and-see stance, and analysts say that many investors expect the Pound to start to recover.
Dollar Firm as ‘Headline Ping-pong’ Revives Trade Optimism
The dollar and export-oriented currencies found support on Thursday as upbeat trade comments from U.S. President Donald Trump cheered the market, while new Zealand’s softer-than-expected banking reforms pushed the kiwi to a four-month high.
Yen, Swiss franc Fall on U.S.-China Trade Deal Optimism
The safe-haven yen and Swiss franc fell on Wednesday, as risk appetite improved, after more positive rhetoric on U.S.-China trade negotiations from U.S. President Donald Trump.
The yen earlier rose to two-week highs against the dollar, while the Swiss franc climbed to four-week peaks as trade uncertainty persisted.
FX Rates in November
Nov High: 1.1756
Nov Low: 1.1576
Nov End: 1.1719
Nov High: 1.2960
Nov Low: 1.2804
Nov End: 1.2905
Nov High: 1.1170
Nov Low: 1.0124
Nov End: 1.1008