The monetary policy summary from the Bank of England – 18 June 2020
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. In that context, its challenge at present is to respond to the severe economic and

Cable rises from 1.2490 to 1.2550 before fading gains at the moment
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A couple of key takeaways from the BOE decision earlier:

BOE announces its latest monetary policy decision – 18 June 2020
– 0.10%
– Bank rate votes 0-0-9 vs 0-0-9 expected
– Asset purchase program total £745 billion (increase of £100 billion)

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Comments by German finance minister, Olaf Scholz
Otherwise, it is going to be the case of putting the fire out whenever there is one because the economic and social damage is just too heavy a burden to bear for governments.

Latest data from the Mortgage Bankers Association for the week ending 12 June 2020
– +8.0%
– Market index 846.9 vs 784.5 prior
– Refinancing index 3,891.5 vs 3,529.0 prior
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Headlines from the Chinese state media
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Reuters reports on the matter
The report cites an internal document from the German government, saying that they are urging other EU member states to prepare for a no-deal Brexit with the German foreign office now convinced that the transition period will not be extended.

South Korea officially responds to the destruction of the inter-Korean liaison office in Kaesong earlier in the day
– North Korea should take all responsibility from here onwards
It could just be a symbolic move by North Korea earlier, in saying that tensions between the two have soured quite substantially. But if this develops into a higher

Risk sentiment is still on the optimistic side
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The DAX is holding gains close to 3% with European indices posting gains of over 2% in general currently, and S&P 500 futures are also up by 1.1% with Dow futures up 1.6%.