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Pound US Dollar (GBP/USD) Exchange Rate Firms amid Risk-On Trade

Pound US Dollar (GBP/USD) Exchange Rate Firms amid Risk-On Trade
currencynews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from currencynews.co.uk Daily Mail and Mail on Sunday newspapers.

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Pound Australian Dollar (GBP/AUD) Exchange Rate Buoyed as BoE Cast Doubts on Negative Interest Rates

January 12, 2021 - Written by John Cameron
GBP/AUD Exchange Rate Firms as amidst Falling Odds of Negative Interest Rates
The Pound (GBP) is ticking higher against the Australian Dolar (AUD) and the majority of its other peers this morning following comments from Bank of England (BoE) Governor Andrew Bailey regarding negative interest rates.
There has been speculation in recent months that the BoE could implement unconventional monetary policy as it seeks to support the UK’s economic recovery from the pandemic. With the UK going back into lockdown expectations for negative rates were back on the rise.
However, Bailey sought to pour cold water on such speculation this morning as he suggested there are ‘lots of issues’ with cutting interest rates below zero, comments which helped to bolster GBP exchange rates. ....

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