ForexLive European FX news wrap: Pound in rollercoaster ride as BOE leave rates on hold. Yen plunges on more 'copter cash talk

Forex news and economic trading headlines 14 July 2016

News:

  • BOE Minutes: Most MPC see policy loosening in August
  • BOE leaves bank rate on hold at 0.5%
  • UK's Hammond says there will be no emergency budget
  • UK's Hammond says he will work closely with BOE to produce the Autumn statement
  • More from Hammond: We will need a plan to bring budget deficit down
  • ONS says UK data scheduling changes planned from Jan 2017
  • Germany's Schaeuble must make sure the Brexit decision is "mostly positive"
  • Japan's Honda says the idea of perpetual bonds was discussed with Bernanke in April
  • Japan will not be resorting to helicopter money via perpetual bonds any time soon
  • Japan's Hamada repeats that Bernanke made no mention of helicopter money to Abe this week
  • Option expiries 10 am NY cut today 14 July
  • Nikkei 225 closes up +0.95% at 16,385.89

Data:

  • None of note

A lively session from the start as the yen weakened on more talk (and denials) of Japan introducing helicopter money

More summary to follow:

Larger ice bucket please!

Best in 2026

Sponsored

General Risk Warning
investingLive Premium
Telegram Community
Gain Access