- Analytics
- News and Tools
- Market News
- BoE: Change of leadership – Nordea
BoE: Change of leadership – Nordea
Analysts at Nordea Markets point out that Andrew Bailey will take over the reins in Bank of England 16th of March next year and it's kind of tricky to judge whether he will lean in a firmer or softer direction than Carney.
"We would argue that Carney has moved in a relative hawkish direction in recent quarters compared to the overall mood within the MPC. Had it been a few years ago, it would have been almost impossible to find a more dovish BoE boss than Carney (maybe Draghi or Ingves would have been the exceptions), but now-a-days a pragmatic approach from Bailey make take the MPC in an overall slightly softer direction compared to Carneys most recent stance. Given that Bailey joins straight from running a regulatory office, he may though initially be viewed as a slightly hawkish choice. We don't see why Bailey should rock the boat on the narrative that risk/reward still favours a dovish tilt on the next move from Bank of England - and now that BoJos exit-deal is fully priced in, maybe markets will start to trade on the very weak UK key figures again? We lean long in EUR/GBP and short in Cable in to Q1-2020."
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
