Although UK unemployment is fast approaching the BoE's 7.0% threshold deemed a reference for considering raising interest rates, the central bank's knockouts remain firmly within the boundaries of maintaining asset purchases. With inflation finally reaching the 2.0% target and sterling's effective trade index at 6-year highs, the BoE can safely make the case for ongoing asset purchases in order to further cap gilt yields and further stimulate growth and employment.
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After Theresa May
Now that PM Theresa May has announced stepping down from the Conservative Party leadership as of June 7, the ongoing political chaos will shift temporarily from striking a deal on the Withdrawal...