Forex Falllout From the Fed’s Latest Decision On Monetary Policy

(This is an excerpt from an article I originally published on Seeking Alpha on June 20, 2013. Click here to read the entire piece.) {snip} The Federal Reserve announcement sounded a bit like something former governor Mervyn King might say about the prospects for the Bank of England’s bond purchase program: {snip} I imagine believers … Read more

No New News on Negative Rates from Bank of England’s Meeting Minutes

This morning, the Bank of England released its minutes from the September meeting of the Monetary Policy Committee. From my reading, it contained no new news on the prospects for negative interest rates. The “relief” from the minutes has so far lifted the pound against the euro, the U.S. dollar, and even the yen. I … Read more

Short the Pound Anyway

Last week, there was talk that the Bank of England would implement negative interest rates. I was all set to begin shorting the Pound (mainly versus the U.S. dollar), but the BoE simply maintained interest rates, made no changes to its quantitative easing program, and had nothing new to say. The Pound lifted in “relief”, … Read more