GBP bulls received a further boost this week from solid inflation data released yesterday, fuelling a fresh spate of buying in the British Pound. The latest CPI inflation readings for August showed both headline and core inflation beating expectations. Headline inflation rose 2.7% over August, far outperforming expectations of 2.4% and hitting i...
The Bank of England held its monetary policy meeting last week on Thursday. As widely expected, the central bank left interest rates unchanged. Officials highlighted the greater risks on the financial markets due to Brexit. The decision to leave interest rates unchanged comes after just a month ago, the central bank raised the borrowing costs...
Daily Forex Market Preview, 14/09/2018 The Bank of England and the ECB’s monetary policy meetings were held yesterday. Both the central banks left interest rates unchanged as widely expected. The BoE was seen preparing the markets for a no-deal Brexit. The Governor, Mark Carney will be extending his term as the central bank’s governor until 202...
BoE To Wait & See The upcoming BoE meeting this week has lost some importance following the bank’s last meeting in August at which the BoE raised rates by a further .25% (rates are now back above 0.5% for the first time in a decade) though signaled that another rate hike is unlikely until after the March 2019 Brexit deadline. [shortcode-...
As we move through the final month of the penultimate quarter of the year, I thought it would be good to have a quick catch up on where the four major G10 central banks are at. It's been a far busier summer than usual with ongoing trade disputes, political turmoil around Brexit and sharp moves in oil, equity and commodity markets which are all h...
The Bank of England (BoE) held its monetary policy meeting last week on Thursday. As widely expected, the central bank raised the key lending rate by 25 basis points to 0.75%. This was the second interest rate hike since November 2017. [shortcode-variables slug="learn-forex-basics"] However, the central bank signaled that it was not in a h...
The BoE’s July meeting was a strange affair for many, as the bank pressed ahead with a further .25% rate increase, lifting rates to 0.75% for the first time in a decade, yet the GBP sold off in reaction. So, what actually happened during the meeting and why did the Pound react this way? [shortcode-variables slug="learn-forex-basics"] The b...
The Bank of England will be meeting this week for its monetary policy decision. According to the economists polled, the central bank is widely expected to hike rates by 25 basis points this Thursday. The overnight index swaps markets are assigning an 80% probability of a rate hike this week. The rate hike comes as many policymakers at the ...
The Bank of England held its monetary policy meeting last week on Thursday. As widely expected, the central bank left the key interest rate unchanged at 0.50%. However, the central bank was seen laying the ground work for a rate hike in August. However, a lot will depend on how the UK's economy fares in the second quarter of the year. Officia...
Daily Forex Market Preview, 22/06/2018 The Bank of England’s monetary policy meeting held yesterday saw officials keeping interest rates steady at 0.50% as widely expected. However, this came amid three dissenting votes including that of the BoE’s chief economist, Andrew Haldane. The central bank also signaled that it would begin to unwind...
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