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Friday, 06 November 2009 GMT
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- FX Trade Remains Choppy After US Unemployment Rate Hits Highest Since April 1983, Pace of Job Losses Slows Fri, 06 Nov 2009 15:05 GMT
- Canadian Unemployment Rises Unexpectedly Fri, 06 Nov 2009 13:32 GMT
- Swiss Unemployment Rises to 4.0% Fri, 06 Nov 2009 08:33 GMT
- British Pound to See Little Support From Upswing in Producer Prices Fri, 06 Nov 2009 00:29 GMT
- RBA Upgrages GDP, Inflation Forecast But Traders Reduce Rate Hike Bets Fri, 06 Nov 2009 01:01 GMT
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British Pound Downside Risks Remain as Bank of England May Cut Rates by 50bps in December, According to Credit Suisse OIS
Wednesday, 12 November 2008 14:22:17 GMT
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Following the Bank of England's quarterly Inflation Report, in which they revised both their growth and inflation forecasts signficantly lower, Credit Suisse overnight index swaps have shifted to almost fully price in a 50bp rate cut by the BOE during their next meeting on December 4. Indeed, following the release of the Report, BOE Governor Mervyn King said that interest rates could fall much lower from current levels, and declined to rule out cutting rates to zero. This has exerted bearish pressures on the British pound, and is likely to continue doing so as long as risk aversion remains high and as the BOE maintains its dovish bias.
Source: Bloomberg
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