Bank of England (BoE)

Yesterday, OPEC and the IEA provided their monthly reports on the oil industry. What got quite a bit of headlines was OPEC's forecast that crude demand would decrease during the remainder of the year. With both Brent and WTI below the…
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After their last meeting, the BOE warned that 5 quarters of negative growth were coming. The consensus of expectations shows that there could be starting with data reports from tomorrow. There is an avalanche of data before the market…
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Ahead of tomorrow's BOE interest rate decision, a somewhat unique and interesting situation has cropped up. Most relevant for us traders is that it could mean there will be a strong reaction in the pound no matter what the BOE does.…
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The BOE has a problem, and tomorrow's data could make things worse. As the market looks for guidance for where the pound could be heading, this means traders also have a problem. The BOE was the first of the major central banks to start…
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The market is expecting a 25 bps hike by the BOE tomorrow and has already priced it in. That means it's unlikely that the rate hike itself will cause a major shake-up to sterling pairs. However, the commentary around it, and in…
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AUDUSD struggles to rebound The Australian dollar recovered after the RBA raised its cash rate for the first time in over a decade. A break below 0.7100 further weighed on sentiment. Caution still prevails as buyers are wary of…
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GBPUSD tumbles amid fears of recession The pound plunges as fears of an economic slowdown in Britain take hold amid a cost of living crisis. The Bank of England has adopted a softer tone recently by acknowledging that its policy…
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