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• BoE’s Forbes sees no need for further stimulus The British pound got a short-lived boost on Thursday, on comments from the BoE MPC member Kristin Forbes who said that the Brexit vote impact was less stormy than many expected. She also added that looking forward, she’s not convinced that additional easing will be required, assuming that the recent path of data continues. This would point to better BoE forecasts, and given that August’s Inflation Report forecasts won’t be confirmed, a rate cut in November would be less likely to happen.
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Market activity has been pretty quiet for most of the month, a typical summer lull, with investors’ attention turned to Fed Chair Yellen’s speech at Jackson Hole f...
IronFX Portfolio Management’s Hybrid and Dynamic strategies finished July 2016 with strong positive performance, largely due to the speculative positive sentiment to...