fxstreet.com 04 Feb, 2021 12:45 am

Three pound-positive developments, and more may be in store

Three pound-positive developments, and more may be in store
Two negative make a positive – the Bank of England has concluded its review of negative interest rates and does not intend to use them. That is the ma

The BOE has left its rates unchanged, yet all but closed the door on negative rates.Two negative make a positive – the Bank of England has concluded its review of negative interest rates and does not intend to use them.While printing more pounds proved positive for sterling – as it allows for more government spending – the incessant talk of negative rates weighed on it.2) Upgrade to past growth: While headlines have focused on the downgrade of future growth prospects, the BOE is lifting the floor for future Gross Domestic Product developments.

3) Shot in the arm, received: BOE Governor Andrew Bailey and his colleagues have acknowledged the impact of vaccines on future growth.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

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