fxstreet.com 05 Feb, 2021 15:45 am

UK GDP may provide next boost after Bailey balances stimulated dollar

UK GDP may provide next boost after Bailey balances stimulated dollar
The BOE has shut the door on negative rates – allowing the pound to fight back against the soaring dollar. How big will America's stimulus package be?

In the UK, it can already partially be attributed to the country's vaccination campaign.The US has ramped up its vaccination campaign to a pace of around 1.The BOE has shut the door on negative rates – allowing the pound to fight back against the soaring dollar.Finally, some clarification – the Bank of England will continue working on the technicalities of negative rates, but it has also assured investors that the topic is off the table.

Inflation has likely edged up but remained subdued in the reading for January, without pushing the Federal Reserve to action.The University of Michigan's Consumer Sentiment Index likely edged up from in the preliminary read for February.

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