A press just about UK Central Bank intervention?
Recently the foreign exchange reserves in the UK increased dramatically. Explain how and why this situation come going on for and what risks does the UK facade from currency intervention? And Include Havard Refrence format?
Answers:
It sounds as if The Bank of England have be selling sterling again!
They do this to stabilise exchange rates and following the conclusion to cut rates contained by the US they may own be looking to save the lb/$ rate to hand the $2 stratum.
http://www.bankofengland.co.uk/financial...
Most credible we enjoy sold lblblb and purchased $$$ . plainly the prime risk is that the $/lb ratio moves against us ...
Suppose the euro is quoted at 0.7064-80 contained by London, and the pound sterling is quoted at 1.6244-59 in Frankfurt.
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UK vs. US.. Why such a big difference within price?
Answers:
It sounds as if The Bank of England have be selling sterling again!
They do this to stabilise exchange rates and following the conclusion to cut rates contained by the US they may own be looking to save the lb/$ rate to hand the $2 stratum.
http://www.bankofengland.co.uk/financial...
Most credible we enjoy sold lblblb and purchased $$$ . plainly the prime risk is that the $/lb ratio moves against us ...