United Kingdom BoE Minutes Publication

Description

The Bank of England (BOE) conducts meetings every month to discuss monetary policy and interest rates. The minutes, which are released two weeks after the meetings, provide an in-depth account of the discussion behind the monthly interest rate decision.
Latest Release: 17-12-2014 09:30:00
Next Release: 23-10-2013 09:30:00
Source:Bank of England
EUR/GBP Tumbles, Eyes 2012 Lows
Sep 25th, 2014 at 07:16 PM

The euro continued to soften against the British pound on Thursday, as European Central Bank President Mario Draghi reiterated his commitment to economic stimulus amid expectations for modest Eurozone growth in the second half of the year.

The EUR/GBP tumbled 0.36 percent to 0.7793, easing off an intraday low of 0.7785. The pair, which has declined 0.9 percent since Monday, is trading below the 100-day simple moving average. Initial support is likely found at 0.7788. On the upside, resistance is ascending from 0.7845.

The EUR/GBP has weakened gradually throughout the course of 2014, despite a sharp retracement for the British pound in recent months. The pair has tumbled 7.1 percent over the last six months, as weak Eurozone growth and geopolitical uncertainties continue to weigh on the common currency. Analysts foresee further declines in the short-term, as the pair looks poised to test the lows from 2012.

The euro was under pressure on Thursday after ECB President Mario Draghi said Eurozone growth will remain subdued in the second half of the year.

Speaking to Verslo Zinios, a leading Lithuanian business daily, Draghi expressed concerns that escalating geopolitical tensions between Russia and the West could further dampen business and consumer confidence in the Eurozone. Draghi reaffirmed the central bank’s commitment to monetary stimulus, vying to do whatever it takes to get the Eurozone growth engine back on track.

Draghi was in Lithuania to deliver a keynote speech about the benefits of Eurozone accession. Lithuania is the latest country to join...

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    Posted Aug 21st, 2014 at 05:36 PM

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    Posted Aug 8th, 2014 at 06:28 AM

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