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> The ECB and BoE are still printing money. So mechanically USD goes up against both GBP and EUR. The ECB has stopped bond buying as of July 1st. https://www.r
by laurencerowe 4y ago
> The ECB and BoE are still printing money. So mechanically USD goes up against both GBP and EUR.
The ECB has stopped bond buying as of July 1st. https://www.reuters.com/markets/rates-bonds/ecb-ends-bond-buys-signal-july-sept-rate-hikes-2022-06-09/ https://www.reuters.com/markets/rates-bonds/ecb-ends-bond-bu...
The BoE stopped expanding QE in December and started tightening in March.
https://www.bankofengland.co.uk/monetary-policy/quantitative-easing https://www.bankofengland.co.uk/monetary-policy/quantitative...
- cm2187 4y agoECB Balance sheet still going up [1]. Granted, BoE is now flat, I stand corrected on that [2] [1] https://tradingeconomics.com/euro-area/central-bank-balance-sheet https://tradingeconomics.com/euro-area/central-bank-balance-... [2] https://tradingeconomics.com/united-kingdom/central-bank-balance-sheet https://tradingeconomics.com/united-kingdom/central-bank-bal...
- laurencerowe 4y agoThose figures are for June 24th. I read the announcement as the ECB balance sheet stopped going up as of July 1st. The BoE balance sheet stopped going up as of December and has been going down since March. (You can see this if you switch to the 1Y view of your chart.)