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More from Weale: BOE is exploring how low bank rate can go

Discussion in 'Fundamental Analysis' started by ForexLive, Jul 18, 2016.

  1. ForexLive

    ForexLive Forum Member

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    BOE MPC's Weale now in the Q&A stage of his speech 18 July 2016 - it's possible that with very low interest rates the impact of QE is weakened - have to be careful about not cutting rates in a way that tightens mon pol GBPUSD largely unfazed at 1.3267 after finding demand/support into 1.3250 after the earlier Weale-led spike to 1.3292 where I had warned that decent sell interest lay waiting.

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