brexit risks boe pull sterling off highs
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Policymaker Gertjan Vlieghe

Brexit risks, BoE pull sterling off highs

Arab Today, arab today

Arab Today, arab today Brexit risks, BoE pull sterling off highs

policymaker Gertjan Vlieghe
London - Arab Today

Sterling fell against the dollar and euro on Friday, retreating from the previous session’s one-month highs, as investors braced for Britain’s beginning the formal process of leaving the EU next week.
An interview with Bank of England (BoE) policymaker Gertjan Vlieghe in The Times also laid out the argument for the BoE looking through further rises in inflation over the next few months in aid of supporting the economy.
Strong inflation and retail sales data have added to expectations the BoE might lean toward supporting sterling with higher interest rates over the next year, pushing the pound 1 percent higher against the dollar this week.
But investors worry that Prime Minister Theresa May’s invoking Article 50 next Wednesday may trigger a period of political jousting with its EU partners that will lay bare the scale of the risks to the economy from 18 months of talks.
Sterling dipped 0.3 percent to $1.2484 in morning trade in London and was 0.4 percent lower at 86.47 pence per euro.
“Uncertainty (surrounding Brexit) remains intact,” said Credit Agricole currency strategist Manuel Oliveri.
“Rate expectations are unlikely to rise because the BoE is linking its monetary policy stance to this uncertainty, and that is why we do not believe sterling has more upside from current levels.”
Since minutes from the BoE’s meeting last week showed a number of monetary committee members close to voting for a rise in rates, signals from official have been mixed.
Asked about Tuesday’s inflation data, BoE Gov. Mark Carney said it was important not to overreact to a single data point.
Deputy Gov. Ben Broadbent on Thursday said it was possible interest rates would rise, but also highlighted a strong sense of caution among investors about the outlook for Britain after Brexit.
Policymaker Gertjan Vlieghe believes a rise in inflation to more than 3 percent might not prompt him to consider raising interest rates because the increase would probably be temporary, The Times newspaper reported on Friday.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

brexit risks boe pull sterling off highs brexit risks boe pull sterling off highs

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

brexit risks boe pull sterling off highs brexit risks boe pull sterling off highs

 



GMT 12:49 2017 Wednesday ,06 September

Senegal wants to buy 10 units of ship from PT PAL Indonesia

GMT 22:57 2017 Wednesday ,01 March

Trump lays out his vision of America to Congress

GMT 21:08 2017 Sunday ,17 September

OIC condemns suicide attack in Cameroon

GMT 00:59 2017 Sunday ,10 December

hmad Zahid's Visit To Rohingya Camp

GMT 02:25 2017 Friday ,24 February

Pope in emotion-charged visit to Italy quake zone

GMT 22:26 2016 Thursday ,22 September

Indian market closes higher

GMT 05:52 2016 Wednesday ,05 October

Robin Williams’ widow details actor’s final days

GMT 18:42 2017 Saturday ,07 October

Education, Works ministries discuss cooperation

GMT 03:11 2017 Friday ,14 April

5 Sudanese soldiers killed in Yemen

GMT 15:35 2017 Saturday ,25 February

United Nations chief arrives in Saudi

GMT 20:47 2017 Saturday ,07 October

PM asserts to bolster relations with Egypt

GMT 07:09 2017 Wednesday ,29 March

Ellie Goulding to Open Mawazine Festival

GMT 05:01 2017 Friday ,05 May

Arab Media Forum begins in Dubai

GMT 01:12 2017 Wednesday ,18 October

Fights against climate change, terrorism linked

GMT 06:59 2017 Monday ,13 February

Disney parks in US increases prices again

GMT 14:36 2017 Wednesday ,04 January

Record-chasing Chelsea face test

GMT 14:34 2016 Sunday ,14 August

United States wins 1000th Olympic gold medal
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday