Bank of England (BoE)

GBPUSD recovers as BOE pressured to act The pound consolidates gains as traders await the Bank of England meeting. Its outperformance reflects the pressure to tighten amid soaring prices. CPI shot up to 3.1% in September with no…
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With most central banks in the world "normalizing" their policy, and some moving to raise rates somewhat dramatically, the ECB is in a unique position. While there is a lot going on, and plenty of things for ECB members to talk about,…
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Analysts have speculated for a long time that the BOE would be the first of the major central banks to raise rates. Lately, that has come into focus as the bank's rhetoric shifted from talking about employment to talking about inflation.…
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A consensus seems to be forming that the BOE could raise rates as early as this year. This expectation would weigh on UK stocks, but could substantially support the pound. A good part of this has to do with the shift in rhetoric from the…
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Since the last meeting, the indicator we've been tracking to see what the BOE will do next is the employment situation. Governor Bailey has made it clear that the jobs numbers are the key indicator for policy. That's in line with most…
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USDCHF surges on policy divergence The Swiss franc weakens as markets expect growing policy divergence between the SNB and the Federal Reserve. As the Swiss economy almost recovers to its pre-crisis level, keeping the franc from…
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