Bank of England (BoE)

EURUSD bounces off support The US dollar retreats as the Fed's half-point hike in March remains uncertain. The euro’s break above the daily resistance at 1.1480 boosted buyers’ confidence after a sell-off in January. It bounced off…
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Over the next couple of days, we have some key data out of the UK which could shake up the markets and drive cable into a new direction. As usual, we get a bunch of data just before the start of the trading session. But there are two…
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GBPUSD rises over narrowing divergence The pound renewed its strength as the Bank of England may deliver more rate hikes this year. The rebound reflects the narrowing rate differential expectations between the UK and the US. Four…
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Tomorrow we get an avalanche of data out of the UK before the start of the trading session. What's likely to get most of the attention is the release of GDP figures, followed by the trade balance. But, we have to be careful in…
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EURUSD hits resistance The euro fell back after ECB President Lagarde tried to cool rate hike expectations. The rally came under pressure at the January peak of 1.1480. The RSI’s overextension at this daily resistance prompted…
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There is a general shift in the economic situation going on, particularly in Europe. But, the difference in monetary policy in response to a similar situation on either side of the English Channel could provide some interesting investment…
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EURUSD breaks higher The euro soared as traders bet that persistent inflation could force the ECB to act sooner than later. A break below the daily support at 1.1300 had put the single currency under pressure. However, a swift…
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Out of the two central bank meetings happening tomorrow, the main expectation for the ECB meeting is to not be a major event. Generally, there is a pretty broad consensus that the central bank will keep its policy on hold for at least…
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EURUSD falls over divided ECB The euro falters as the ECB lags behind its US counterpart in monetary normalization. While eurozone inflation hit a record high of 5% in December, the ECB is still debating whether price pressures will…
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Tomorrow we get another avalanche of UK economic data just before the market opens. And the key element for the markets is likely to just be the Inflation data. This comes on the heels of better than expected jobs data on Monday. Should…
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