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What Nigeria News Says About Forex Markets

Nigeria News

Nigeria News: December continued to see bond yields rising as forex markets believed global central banks no longer stood ready to add ever more stimulus.

The 10-year Gilt tested above the 1.50% level, its highest yield since May as gathered by Nigeria News.

The BOE surprised the forex markets in November by moving into a neutral stance (from easing), but given the overall trend of post-Brexit UK and European data beating expectations, the BOE is certain to hold policy steady this month.

The majority of analysts now believe that Governor Carney’s next move could be a rate hike down the road as UK inflation edges its way back towards target.


Rev Francis Waive

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