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Latest Bank Of England News

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Bank of England Governor supports digital assets

Aug 28, 2019
Amandeep Sonewane
After the decrease in value of pound and US Dollar, Mark Carney, who is governor in Bank of England says the next reserve could be digital.
Following a visit to Switzerland to meet with the financial watchdog, US regulators are still concerned for Facebook’s Libra cryptocurrency project. 
The pound managed to strengthen slightly on Friday, but the EURGBP cross ended the week near six months highs.
The Bank of England governor Mark Carney has revealed his opinions on Facebook's Libra coin at the financial stability press conference.
Over 30 advocacy groups put the Congress under pressure to halt Facebook Libra, with a request, which signatories sent to the authority this week.
Fitch Ratings reviews Facebook GlobalCoin
Fitch Ratings reviews Facebook GlobalCoin
Jun 25, 2019
Samson Ononeme
Fitch Ratings reviews Facebook GlobalCoin saying it can create price stability and can be used as a positive exchange tool.
Bank of England examines Facebook crypto
Bank of England examines Facebook crypto
Jun 24, 2019
Maya Mandzikasvili
The Governor of the Bank of England expressed his “open mind” on the potential utility of the Facebook Libra, alluding England examines Facebook crypto.
According to the report that was released by the Reserve Bank of India, the Financial Stability Board (FSB) do not consider Bitcoin and other digital currencies as a major threat to the global economy.
The GBDUSD pair caught some aggressive bids in the last hour, with bulls now aiming for a move further beyond the 1.2800 handle.
How Could BOE Monetary Policy Decision Impact GBPUSD? When will it be announced? Gain insight into this article.
BoE plans to launch Blockchain-friendly payment system, which will be resistant to cyber-attacks. The system will also be available for a wide range of smaller businesses.
Based on BoE's research findings since 2015, the Bank of England could issue its own cryptocurrency in 2018. How will this impact the banking industry?
7th Oct 2014 GBP/USD Analysis
7th Oct 2014 GBP/USD Analysis
May 03, 2018
Amandeep Sonewane
Cable rebounds from low of 1.595 to cut a rally of 11 losing days.
Bullish rebound off 1.5600 sees Cable rebound but failing to break 1.574 does not bode well for Pound bulls as double bottom may fail to complete the reversal movement.
08/01/15 GBPUSD to test 1.5000
08/01/15 GBPUSD to test 1.5000
May 03, 2018
Amandeep Sonewane
GBPUSD nears the psychological price at 1.5000 which may develop as a strong support or allow candles to plunge way below
GBPUSD continues to rise ahead of Inflation Report Hearings after failing to hold below 1.5332
13/04/15 GBPUSD breaks below 1.4600
13/04/15 GBPUSD breaks below 1.4600
May 03, 2018
Amandeep Sonewane
GBPUSD breaks below 1.4600, hitting fresh multi-year lows
01/06 GBPUSD continues to fall
01/06 GBPUSD continues to fall
May 03, 2018
Amandeep Sonewane
GBPUSD continues to fall with candles now nearing the support at price 1.5275 observed on the weekly chart
It's a packed fundamental week. For NFP, after months of impressive streak in the report showed above 200k change, while this week's NFP 192k forecast is
22nd Oct 2014 GBP/USD Analysis
22nd Oct 2014 GBP/USD Analysis
May 03, 2018
Amandeep Sonewane
Cable fails to hold at 1.618 as 1.6000 psychological price level looms ahead of Bank of England's Bank Rate and Asset Purchase Facility votes.