bank of england brexit

The Bank of England held its monetary policy meeting last week on Thursday. As widely expected, the central bank left interest rates unchanged. Officials highlighted the greater risks on the financial markets due to Brexit. The decision to leave interest rates unchanged comes after just a month ago, the central bank raised the borrowing costs...

2018-09-19 John Benjamin Read more
brexit remains key obstacle

BoE To Wait & See The upcoming BoE meeting this week has lost some importance following the bank’s last meeting in August at which the BoE raised rates by a further .25% (rates are now back above 0.5% for the first time in a decade) though signaled that another rate hike is unlikely until after the March 2019 Brexit deadline. [shortcode-...

2018-09-11 James Harte Read more
forex week ahead

The week ahead starts off on a busy note with China's inflation figures due to come out for August. It is also a busy week for the British pound which will see the release of the monthly jobs report alongside the newly started monthly GDP figures. Data from the United States will cover the producer price and consumer price index data for the ...

2018-09-10 John Benjamin Read more

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 12k contracts to take the total position to 11k contracts. The record long position that built up in EUR over the first few months of the year, on expectations of faster ECB monetary tightening, has now been reduced by around 90% as the market has reacted ...

2018-08-13 James Harte Read more
uk

The Bank of England (BoE) held its monetary policy meeting last week on Thursday. As widely expected, the central bank raised the key lending rate by 25 basis points to 0.75%. This was the second interest rate hike since November 2017. [shortcode-variables slug="learn-forex-basics"] However, the central bank signaled that it was not in a h...

2018-08-07 John Benjamin Read more
COT-Report-Forex

EURUSD Non-Commercials increased their net long positions in the Euro last week, buying a further 8k contracts to take the total position to 30k contracts. This latest buying spree of the EUR reflects the market’s relief in response to the announcement by President Trump and EC President Juncker, that the two sides will work together to res...

2018-08-06 James Harte Read more
UK-Gross-Domestic-Product-BoE

The BoE’s July meeting was a strange affair for many, as the bank pressed ahead with a further .25% rate increase, lifting rates to 0.75% for the first time in a decade, yet the GBP sold off in reaction. So, what actually happened during the meeting and why did the Pound react this way? [shortcode-variables slug="learn-forex-basics"] The b...

2018-08-03 James Harte Read more
Bank of England Building

The Bank of England will be meeting this week for its monetary policy decision. According to the economists polled, the central bank is widely expected to hike rates by 25 basis points this Thursday. The overnight index swaps markets are assigning an 80% probability of a rate hike this week. The rate hike comes as many policymakers at the ...

2018-08-03 John Benjamin Read more
FX Week Ahead

The economic calendar for the week ahead is a busy one with lots of reports coming out during the latter part of the week. Among the high ticket events, the FOMC is expected to meet this week. No changes are expected to the monetary policy but investors will be clued into the Fed's statement as the markets expect the next rate hike due in Sep...

2018-07-30 John Benjamin Read more
BoE

The UK currency market was busy last week amid the jobs and the inflation report scheduled over the week. Ahead of the week, investors were expecting to see a healthy pace of increase across the labor market and consumer prices. [shortcode-variables slug="confidenttotrade"] UK unemployment rate holds steady at 4.2% On Wednesday, the UK's Of...

2018-07-24 John Benjamin Read more