Bank of England Reports Published in February 2021
PRA Regulatory Digest – February 2021 – Read the report
The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.
Monetary Policy Report – February 2021 – Read the report
This quarterly Monetary Policy Report sets out the economic analysis and inflation projections that the Monetary Policy Committee uses to make its interest rate decisions.
Bank Rate maintained at 0.1% – February 2021 – Read the report
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment.
Budget 2021: The challenge facing Rishi Sunak
From: The BBC
Chancellor Rishi Sunak’s Budget will be one of the most-closely watched in years, as the government grapples with the enormous economic costs of the Covid-19 pandemic, and as he charts a financial roadmap for the country.
Euro Forecast: EUR/USD Outlook Improves as German Bund Yields Rise
From: Daily FX
The European Central Bank’s Governing Council has clearly decided to stress to the markets that it’s watching rising Eurozone sovereign bond yields
That’s a way of signaling that it doesn’t want them to rise too far too fast.
Risk Sentiment Provides Support to Sterling
From: Daily Forex
An improvement in risk sentiment helped keep the pound sterling close to a 3-year peak after hitting a high of $1.4295 in yesterday’s trading.
Analysts continue to espouse a positive outlook for sterling, based on the likelihood that the economy will recover at a quicker pace than nearby peers.
UK earmarks a further $2.3 billion for its COVID vaccine push
British finance minister Rishi Sunak will announce an extra 1.65 billion pounds ($2.30 billion) to fund the country’s fast vaccination rollout as part of his annual budget statement on Wednesday, the finance ministry said.
Risk currencies recover from Friday carnage, dollar consolidates
The Australian dollar and other riskier currencies recovered some lost ground against the U.S. dollar on Monday, after suffering their biggest plunges in a year at the end of last week amid a hefty sell-off in global bond markets.
The greenback weakened broadly early in Asia trade, but barely enough to trim its biggest surge since June from Friday.
FX Rates in February
Feb High: 1.1662
Feb Low: 1.1317
Feb End: 1.1485
Feb High: 1.4176
Feb Low: 1.3593
Feb End: 1.3938
Feb High: 1.271
Feb Low: 1.1972
Feb End: 1.2132