central bank

The Fed: Gradual Policy Tightening In Full Swing The Fed has reaffirmed its commitment to sticking to its plan of “gradual” policy normalisation with two more hikes forecast this year. The economic outlook is good, with the economy on track to grow by around 4% in Q2 2018, boosted by tax cuts with inflation continuing to creep higher. Employmen...

2018-07-05 James Harte Read more
bank of england rate hike

The Bank of England held its monetary policy meeting last week on Thursday. As widely expected, the central bank left the key interest rate unchanged at 0.50%. However, the central bank was seen laying the ground work for a rate hike in August. However, a lot will depend on how the UK's economy fares in the second quarter of the year. Officia...

2018-06-26 John Benjamin Read more
boe inflation

The Bank of England's monetary policy meeting is scheduled for this week on Thursday. According to the economists polled and the market watchers, the UK's central bank is expected to leave interest rates unchanged at this week's meeting. The central bank had last hiked interest rates in November 2017 by 25 basis points, bringing the interest ...

2018-06-20 John Benjamin Read more
uk inflation

The latest inflation figures from the UK showed that consumer prices fell for the second consecutive month on an annual basis in April. The declines in consumer prices came on the back of the exchange rate and consumer prices fell quicker than the median estimates. Data released by the UK’s Office for national statistics (ONS) showed that the...

2018-05-30 John Benjamin Read more
BoE Holds Rates As Economic Data Weakens

The BoE holds rates as economic data weakens in its meeting last week, matching market expectations. The BoE was initially supposed to hike rates by 25 basis points at this month's meeting. But following a soft patch of economic data, the market expectations fell dramatically. The central bank voted with a 5 - 2 result on interest rates. Two ...

2018-05-15 John Benjamin Read more
EUR Longs Continue To Decrease

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 60 contracts to take the total position to 120.5k contracts. Despite being only slight in size, this latest positioning adjustment marks the third consecutive week where EUR longs continue to decrease, as investors continue to dial back their ECB tightening ...

2018-05-14 James Harte Read more
GBP Down as BOE Keeps Rates Unchanged

BOE Votes 7 - 2 For Rates Unchanged The Bank of England’s “Super Thursday” meeting (rate decision, inflation report and meeting minutes) saw the GBP down as BOE keeps rates unchanged, widely disappointing the BOE bulls. The decision was widely expected following comments by BOE governor Carney last week who said that a May rate hike was looking...

2018-05-10 James Harte Read more
BOE May Rate Hike Looks Doubtful

Carney Crushes May Rate Hike Hopes GBP has been under heavy selling pressure over the last two weeks following comments from BOE governor Mark Carney who surprised the market by unexpectedly dashing hopes of a May rate hike. During comments made as part of an interview with a UK broadcaster, intended for a non-market audience, the BOE chief sai...

2018-05-02 James Harte Read more
UK first quarter GDP slows

The UK's preliminary report on the first quarter GDP showed that the economy expanded at one of the weakest pace since 2012 in the first three months of the year. The data released by the UK's Office for National Statistics (ONS) showed that GDP expanded at a pace of just 0.1% for the period. [caption id="attachment_50617" align="aligncenter"...

2018-05-02 John Benjamin Read more
Carney's Comments on the May Rate Hike

May Rate Hike In Question After trading up to print a fresh 2018 high last week, GBP quickly reversed and traded lower as the market reacted to comments made by BOE governor Mark Carney during an interview with UK broadcaster the BBC. While Carney's comments on the May rate hike were clearly for a non-market audience, the effect was clear as GB...

2018-04-24 James Harte Read more