Bank of England (BoE)

There is a pretty firm consensus that the BOE will hike by another 75bps. But, given recent events in the markets, many analysts are hedging their bets a bit. Particularly when it comes to the vote, which in many cases has more of an impact…
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GBPUSD slides amid gilts firesale Sterling drifts lower amid a liquidity crunch in the UK’s gilt market. In an attempt to prevent the market’s collapse, the Bank of England has been forced to step in to buy back bonds owned by the…
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The sudden drop in the pound and the emergency intervention by the BOE is largely attributed to the release of Chancellor Kwarteng's "mini-budget", at least in the media. That gives the impression that the issue is exclusively a UK problem,…
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In the last couple of days, the Euro has been drifting higher, back towards parity. It comes at a somewhat curious juncture, considering the context in the UK. Though, it should be pointed out that yesterday markets jumped higher on…
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Normally, higher rates would be seen as good for the banking sector. So there is understandably some concern about the financial markets since Australian banking shares are down considerably despite a broad consensus that the RBA will raise…
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The BOE is facing a somewhat unique problem that could lead to a divided vote on policy when it meets tomorrow. And that could send a confusing signal to the markets, leading to unexpected moves in Forex. Here's why 25, 50 and 75 basis…
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Editor's note: On Friday, the BOE announced it would delay the MPC meeting by one week due to the death of Queen Elizabeth II; the meeting will be held at the same time on Sept 22. Earlier this week, cable dropped to lows not seen…
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In general terms, the economic policy of the UK under the new government is expected to remain very similar. For example, the new Chancellor Kwasi Kwarteng might have had differences in public image with former chancellor Sunak, but in…
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Retail sales have become a bellwether of the economy, and consequently for the movement of currencies. Additionally, they can swing market sentiment, particularly if it's a major economy that's reporting. Tomorrow there are two currency…
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