26 Jul 2016
BoE MPC member drops opposition to stimulus, GBP sold-off in early Asia
GBP is on the move in early Asia on reported FT article that MPC member has dropped opposition to stimulus. The Sterling has taken a beat, from 1.3135 towards 1.31, where market makers' bids are showing up to cap further declines. Furthermore, an article in the Guardian saying Nat West Bank are preparing to charge Business clients for holding deposits, anticipating negative rates, is doing the rounds.