Cable advances on rumors that BOE will suspend asset buy-back

Sterling rose the most vs. the Eur in almost 7-months this morning on speculation that policy makers will pause their bond-buying program as the economy shows signs of recovering from the recession.

The Financial Times cited Bank of England Markets Director Paul Fisher as saying

policy makers would be more likely to pause asset purchases, giving themselves the option of “doing more later,” rather than stopping them.

Bloomber News

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell
Dean Popplewell

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