Bank of England (BoE)

The GBPUSD has been relatively quiet on the fundamentals front, allowing technical traders a respite from the news. But the rest of the week will feature a series of key market-moving data points just ahead of the European trading session.…
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After the dollar, the pound was the currency that most appreciated last year as the BOE was among the most aggressive rate hikers among the major central banks. But, the higher the rates go, the more they can come down. Now the question is…
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EURUSD Awaits NFP The euro saw another shift to the upside in recent sessions as the EURUSD pair hit another psychological level. The bullish sentiment has continued since October as over 500 pips have been added. With less volume injected…
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The last time the BOE met, it didn't have the benefit of the latest CPI figures for the country. The result of the meeting was seen as a little more hawkish than expected. Markets could interpret the upcoming inflation data releases as a…
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EURUSD rebounds sharply The US dollar sank after the Fed’s economic projections showed lower interest rates for 2024. A previous spike at 1.0820 had forced some sellers to cover, then a decisive surge may have put an end to the recent…
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The consensus among analysts is near-unanimous that the Bank of England BOE will keep rates unchanged at the upcoming meeting. Where the market could react more strongly is in potential changes to expectations for next year. And that could…
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AUDUSD grinds support The higher-beta Australian dollar consolidates gains as risk appetite holds its ground across markets. The latest rebound has met stiff selling pressure in the support-turned-resistance of 0.6620. The price action…
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The UK will be releasing a barrage of data next week in the lead up to a pivotal BOE meeting. That makes it difficult to predict exactly what the central bank will do, since several of the data points might move market expectations. The…
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AUDUSD grinds higher The US dollar tumbled after Fed Governor Christopher Waller raised the possibility of rate cuts. The price continues on its way up after lifting offers around the psychological level of 0.6600. 0.6740 at the start of…
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The UK has had a series of positive news over the last few days, which has helped push the pound higher. The general weakness in the dollar naturally helped push cable higher. But there is some data that fits into a narrative that the UK…
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