Bank of England (BoE)

The economies of the UK and the Euro Area have taken diverging paths since the start of the year, allowing the GBPEUR to continue to appreciate. The latest leading indicators suggest the divide has deepened, and this has given the GBPEUR…
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Monday was an active day for monetary policy that could have an impact on forex markets, with the heads of the two largest central banks giving speeches that included hints about future moves. Markets have adjusted to the path for rates…
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GBPUSD steady ahead of BoE decision Cable remained bullish after jumping over 200 pips, with the BoE interest rate decision being up next. The price could continue to be skewed to the upside after breaking the 1.3200 level. The RSI’s…
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The BOE is widely expected to keep rates on hold at its Thursday meeting, which will be a key BOE Rate Decision. But one major caveat is that inflation data coming out on Wednesday is at least near expectations. Several aspects of the rate…
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August was a good month for cable, and with the latest UK Jobs Data, there are signs that September could be as strong. Although the pair has moved back a bit since the start of the month, that has been more thanks to dollar strength than…
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After the shock to the market at the start of the month, investors have become a lot more focused on the economy,  particularly on Global PMI Data. There are an array of indicators that economic growth is headed for a slowdown. That isn't…
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After a very busy week of economic data out of the UK, the conclusion seems to be that the Pound Sterling price is due for some weakness, Particularly against the dollar in the lead-up to the Jackson Hole Symposium. Though the immediate…
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After last week's market chaos, traders are likely getting to grips with a new reality, particularly with cable. As a result of the shift in perception, the BOE is not expected to cut at a slightly faster rate than the Fed. But both are…
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The S&P500 index covers the gap The S&P500 index advances as the index notches its best day since 2022. The rally accelerated after breaking above the previous gap at 5280, and a rising trend line with a steep angle indicates…
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The shake-up in the markets this week has changed a lot of the fundamentals of major currencies. The UK is no exception. Before last weekend, markets were tentatively pricing in one more rate hike from the BOE. Now they are moving towards…
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