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London hikes currency reserves amid Brexit risk -- China's reserves lowest in years

AFP

Britain’s foreign exchange reserves are mostly held in dollars

LONDON (AFP) – London has ramped up its foreign exchange reserves in a move described by British media on Monday as a war chest against market chaos should Britain leave the European Union.Currency reserves jumped 34 percent to $98.2 billion (87.9 billion euros) in January 2016, from $73.4 billion for the same month a year earlier, according to recent data from the Bank of England (BoE) — which manages the Treasury’s foreign exchange funds. 601 more words

Review Forex 4/2/16: Dollar Kandas di Jurang Pelemahan 4 Bulan

Mengakhiri perdagangan forex hari keempat pekan ini, Jumat dini hari tadi (4/02) pelemahan mata uang Amerika Serikat semakin parah hingga jatuh ke jurang pelemahan 4 bulan terdalam. 252 more words

NEWS

Bad News for British economy

Bank of England cuts UK growth forecasts, holds rates

AFP

The British economy is set to expand by 2.2 percent this year, down from the previous November prediction of 2.5 percent, the Bank of England says. 158 more words

BoE, Interest Rate Decision!

In about 1 hour and 30 minutes, BoE interest rate decision is coming up. The market expectation is from BoE to stay with rates unchanged at 0.5%. 130 more words

Important Events And Economic News

BOE Rate Decision, Quarterly Inflation Report and Monetary Policy Summary - Jarratt Davis

BOE Rate Decision, February Quarterly Inflation Report (QIR) and Minutes will be released today at 12:00pm GMT. There is no expected change in regards to interest rates, so the initial reaction will come from any surprises in the vote count. 624 more words

FX

GBP Analysis - 3rd of February - Jarratt Davis

The BOE still plans to hike rates in late 2016 or early 2017, and this gives the currency strength to GBP fundamentally, however, the BOE cannot hike rates until they see inflation moving higher, towards the 2% target. 681 more words

FX

Dovish Pound ?

Hi ,

Huddle up, pound traders! The BOE Super Thursday happens only once every quarter so let’s prep for these potential long-term forex catalysts.

In case you’re wondering what this is all about, lemme tell you that THREE major events are all happening in the U.K. 571 more words

Forex Trading