Key UK events taking place next week (FSR) - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Guatemala) - Analysts at TD Securities noted the key events taking place next week in the UK starting with Bank of England Financial Stability Report.

    Key Quotes:

    "Bank of England Financial Stability Report (1 Dec): Rumours have popped up that the FPC might decide at their meeting this week to raise the countercyclical capital buffer on banks to curb excess lending in such a low interest rate environment.

    Governor Carney suggested this as an option at his Treasury Select Committee appearance earlier in the week, but it isn’t our base case—he was speaking in more hypothetical terms.

    That said, we expect lift-off in May 2016 and for increases in Bank Rate will be gradual, so a higher CCB might be the right policy tool to use to help keep credit growth in check while the MPC takes their time. Results of the 2015 stress tests will also be published 1 Dec."
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