Bank of England (BoE)

The BOE is expected to agree to keep rates unchanged on Thursday. But since it finds itself in a particularly difficult situation, traders will be keen to find any clues for what happens next. Persistently high inflation but sluggish growth…
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Cable has been on an upward trajectory since the start of the year. The Rise of Cable has seen the pair gain over 300 pips in less than three months. While that initially sounds like quite a lot, we must factor in the other half of the…
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The market is broadly expecting the BOE(Bank of England) to cut by a quarter of a point on Thursday. That puts the onus of for the market reaction on the commentary from the central bank, including Governor Andrew Bailey's post-rate…
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Last week's inflation figures out of the UK radically shook up expectations for rate cuts this year. The views of the market and economists opened a gap, suggesting there is room for the currency to move. The pound stayed relatively steady…
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The market dynamics around the Sterling (pound), and especially visible in cable, are unusual and concerning. UK gilt yields (how much interest is paid on government debt) has risen sharply in recent days. Normally, that would imply a…
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As is customary, the UK will give an avalanche of data before the market opens on Friday, but the GDP figure might be the most important of the figures released. The BOE is expected to be one of the slowest to roll out monetary easing. But,…
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Over the weekend and on Monday we will get a series of data that has become increasingly important to currency markets. Central banks around the world are in a race to cut rates, with few exceptions. The main driver is concern over slowing…
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Cable hasn't had an inflection point like other currency pairs in the wake of the US election. Although the pound is weaker compared to the dollar, it's within the trend that was observed before the election. A good deal of that could be…
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The release of Global Flash PMIs and partial (or flash) results from the ongoing PMI surveys of key economies around the globe could have an outside impact on the markets in the current situation. Particularly for commodity currencies,…
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Somewhat counterintuitively, cable hit a one-month low on Friday after UK GDP improved, although in line with expectations. It appears that traders are assessing that the shifts in central bank outlooks, particularly BOE easing, are leaving…
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