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
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
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
forex monthly outlook

The month of July was seen to be relatively quiet. With most of the central banks announcing major decisions in June, the markets were seen trading off the broader themes. [shortcode-variables slug="learn-forex-basics"] The U.S. trade wars continue with threats from the U.S. administration against China. The U.S. dollar was also seen tradi...

2018-08-01 John Benjamin 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
UK Data Summary

Data Risks Into The BOE Heading into the March Bank of England meeting, the market is widely expecting the BOE to keep rates on hold but, a great deal of attention will be placed on the accompanying statement. With the bank having previously given hawkish signals, many traders are looking for a rate rise at the upcoming May meeting, when the ba...

2018-03-23 James Harte Read more