Jun.01 — Any expansion of U.K. fiscal stimulus implies an increase in Bank of England quantitative easing, according to Eimear Daly, EMEA FX strategist at Macquarie. This factor, combined with heightened political risk, will weigh on the pound, Daly said in an interview on “Bloomberg Markets: European Open.”
In This Story: Bank of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government’s banker, and still one of the bankers for the Government of the United Kingdom, it is the world’s eighth-oldest bank.