Bank of England (BoE)

GBPUSD seeks support The US dollar clawed back losses after last week’s initial jobless claims beat expectations. A jump above the previous high of 1.2500 has strengthened the bullish bias as the price recovers from its October lows.…
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There is some understandable apprehension ahead of this year's UK Autumn Statement, which is like a half-way point in the budget. The prelude to last year's was an unmitigated disaster, seeing the pound collapse, the resignation of the…
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All eyes in the cable trading space will be on the release of UK inflation figures to be released tomorrow. After the latest employment data, there has been renewed focus on the outlook for price changes. The BOE is one of the few major…
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Last week, cable had its best performance this year after rising over 2% over the course of five days which included the Fed and BOE meetings. But, it wasn't enough to overcome the slide it has been in since peaking in July. Subsequently,…
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EURUSD holds onto gains The euro bounced after the retail sales showed a smaller-than-expected contraction in September. A surge to an eight-week high has prompted a number of sellers to cover their bets, potentially putting the single…
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USDJPY under pressure ahead of BoJ meeting The Japanese yen steadies on speculation of further tweak to the BoJ’s yield curve control. The central bank is expected to stay an outlier and maintain its ultra-loose monetary policy. This…
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The UK will release a trove of data this week, with the inflation and jobs numbers likely to have the biggest impact on the market. The consensus is that they will show a continued cooling in economic activity in the UK, which could support…
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Cable's months-long slide through the summer has gotten some relief over the last few days as the dollar takes a bit of a breather. But, it might take something a little more substantial to push the pound back up against the greenback.…
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On Friday, the UK will release some key data that is likely to disappoint cable bulls. The currency pair has been declining for months at this point, with the trend accelerating recently. Is it possible there will be a turn around at some…
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After the markets get shaken around by major economic events such as the four largest central banks holding meetings, there is one final major risk event before the weekend. The flash PMIs generally don't affect one currency in particular…
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