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...
The Bank of England's monetary policy meeting is scheduled for this week on Thursday. According to the economists polled and the market watchers, the UK's central bank is expected to leave interest rates unchanged at this week's meeting. The central bank had last hiked interest rates in November 2017 by 25 basis points, bringing the interest ...
The BoE holds rates as economic data weakens in its meeting last week, matching market expectations. The BoE was initially supposed to hike rates by 25 basis points at this month's meeting. But following a soft patch of economic data, the market expectations fell dramatically. The central bank voted with a 5 - 2 result on interest rates. Two ...
Daily Forex Market Preview - Intraday Analysis 11th May 2018 The British pound felt the heat yesterday as the BoE left interest rates unchanged. However, the losses were limited with the currency pair seen consolidating near the same level. Data from the U.S. showed that consumer prices rose less than expected. Headline CPI increased 0.2% while...
BOE Votes 7 - 2 For Rates Unchanged The Bank of England’s “Super Thursday” meeting (rate decision, inflation report and meeting minutes) saw the GBP down as BOE keeps rates unchanged, widely disappointing the BOE bulls. The decision was widely expected following comments by BOE governor Carney last week who said that a May rate hike was looking...
The economic calendar for the week ahead will see the BoE and RBNZ Meetings. The RBNZ’s meeting is due on Wednesday and this comes ahead of the quarterly inflation expectations report earlier in the week. Still the central bank is not expected to hike rates at this month’s meeting. Following on the heels of the RBNZ meeting, the BoE meeting is l...
Carney Crushes May Rate Hike Hopes GBP has been under heavy selling pressure over the last two weeks following comments from BOE governor Mark Carney who surprised the market by unexpectedly dashing hopes of a May rate hike. During comments made as part of an interview with a UK broadcaster, intended for a non-market audience, the BOE chief sai...
May Rate Hike In Question After trading up to print a fresh 2018 high last week, GBP quickly reversed and traded lower as the market reacted to comments made by BOE governor Mark Carney during an interview with UK broadcaster the BBC. While Carney's comments on the May rate hike were clearly for a non-market audience, the effect was clear as GB...
The pound sustains its biggest weekly decline in over four months after the Bank of England governor sparked a rethink of interest rate hike expectations for next month’s meeting. Is the BoE the latest central bank to panic over the rapid appreciation in its currency, or is there more to Carney’s comments? In an interview yesterday with the B...
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