◂ Event Timeline

Jun 18, 2020MACROUK

BoE Exchange Rates: Pound Sterling And FTSE 100 Plunge As BoE Expands QE But "Implies Big Slowdown In Growth Rate"

Sterling and the FTSE 100 fell after the Bank of England expanded its asset purchase facility by £100bn to £745bn, with the facility to be filled by year end. The decision was seen as implying a slowdown in the pace of growth in QE.

WHY IT MATTERS

A weaker pound and risk-off equity moves shift currency and risk-appetite flows that can affect dollar-denominated commodity prices at the margin, though the link to feed markets is weak.

AFFECTSUS Dollar (Broad)◆

SOURCE
exchangerates.org.ukTim ClaytonJun 18, 2020

Price reaction & history

US Dollar (Broad)◆neutralSO FAR1d +0.3%5d +0.1%20d -0.8%

After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.

Mar 6, 2019Exchange & Interest Rate Forecasts For Euro, Dollar And Pound Sterling: ING+0.1%
Sep 28, 2021BoE Rate-Hike Speculation Keeps Sterling Afloat As Yield Trends Dominate Markets | Exchange Rates UK+0.5%
Mar 27, 2017Goldman Sachs: Weak British Pound Means Weaker Consumer, BoE Looks Through Inflation | Exchange Rates UK+0.1%
Jan 28, 2019Brexit Pound Analysis: British Pound Has Rallied 5% Vs Euro, Dollar But How Much Has GBP Discounted A No Deal Brexit? | Exchange Rates UK-0.2%
Feb 24, 2022Sterling falls below $1.36 as BoE tries to cool rate-hike bets | Euronews+1.0%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

US Dollar (Broad) DXY · GP ▸

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BoE Exchange Rates: Pound Sterling And FTSE 100 Plunge As BoE Expands QE But &quot;Implies Big Slowdown In Growth Rate&quot;

BoE Exchange Rates: Pound Sterling And FTSE 100 Plunge As BoE Expands QE But &quot;Implies Big Slowdown In Growth Rate&quot;

BoE Exchange Rates: Pound Sterling And FTSE 100 Plunge As BoE Expands QE But "Implies Big Slowdown In Growth Rate"

BoE Exchange Rates: Pound Sterling And FTSE 100 Plunge As BoE Expands QE But "Implies Big Slowdown In Growth Rate"