BoE's MPC member Vlieghe: Any rate cut must be more than 10 bps to work

Market news

18 December 2020

BoE's MPC member Vlieghe: Any rate cut must be more than 10 bps to work

UK must deal with Brexit, whether deal or no-deal
Negative rates could help UK complete recovery
Risk that negative rates are counterproductive is low
Mix of quantitative easing and rate would be best if markets are stable

Canada: Retail Sales, m/m, October 0.4% (forecast 0.2%)

European session review: GBP weakens amid reemerged concerns over outcome of EU-UK trade talks

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