Browsing Tag

Bank of England (BoE)

BOE Set to Hike, With Considerable Doubts Over What’s Next

Daniel John Grady Sep 18, 2023 359 0

There is a pretty solid consensus that the BOE will hike when it meets on Thursday. But there is a major caveat for those projections: The UK will release its all-important CPI figures the day before the meeting. If inflation is…
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Technical Analysis

The Week Ahead – Parade of central banks with end of QT in sight

Jing Ren Sep 15, 2023 51 0

USDJPY awaits BoJ policy signal The yen inches towards an 11-month low as traders ponder the timing of the BoJ’s big unwind. As inflation has been above the central bank’s 2% target for over a year, a buildup in hawkish comments by…
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Fundamental Analysis

UK GDP, Employment: Last Data Before BOE Hike?

Daniel John Grady Sep 11, 2023 75 0

Next week, the BOE will meet and potentially raise rates for the last time this cycle. Whether or not that's the case could depend on the data coming out over the next few days. On the one hand, economists believe there is still some way to…
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Fundamental Analysis

BoE To Keep Hiking, For Now

Daniel John Grady Aug 1, 2023 45 0

Last week, the Fed and the ECB left the impression that the rate hiking cycle was at or very close to ending. The optimism in equity markets corresponded with a drop in the respective currencies. By contrast, the BOE is expected to keep…
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Fundamental Analysis

UK Employment Might Be the Catalyst Needed for the BOE

Daniel John Grady May 15, 2023 582 0

The UK is expected to get another bit of good economic news. But upbeat forecasts make it easier for a disappointment to appear and drag on the market. After a string of positive results that have failed to energize the pound over the last…
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Fundamental Analysis

BOE Expected to Hike, Then What?

Daniel John Grady May 10, 2023 106 0

The BOE is the last of the major banks to hike this cycle, and the expectation is that it will follow its peers - with a twist. Last week, the ECB and the Fed both hiked by a quarter of a point, but then implied that further rate hikes…
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Fundamental Analysis

UK Inflation and What the BOE Will Do About it

Daniel John Grady Apr 18, 2023 894 0

At the moment, there is a 65% chance that the BOE will raise rates by another quarter of a point at its next meeting. What could substantially change those expectations, and cable with them, is CPI coming in different from current…
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Fundamental Analysis

UK Monthly GDP And the Move in Cable

Daniel John Grady Apr 12, 2023 68 0

Cable is back in focus with a data point that could move the consensus on what the BOE will do at its next meeting. The latest survey of economists shows a 67% chance that there will be another quarter point rate hike. The remainder expect…
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Fundamental Analysis

The BOE to Hike, or Not?

Daniel John Grady Mar 21, 2023 86 0

Expectations for what the BOE will do when it meets tomorrow have been shifting quite a bit recently. Just last week, a poll of economists by Reuters showed a near universal agreement that the BOE would hike by 25bps. That was in the wake…
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Fundamental Analysis

UK Q4 GDP: Avoiding a Recession?

Daniel John Grady Feb 9, 2023 101 0

Tomorrow there is a trove of UK data before the market opens. But the most important is likely to be the first look at GDP figures for last quarter. That could be the make-or-break instance for the BOE and even the government's policy, and…
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