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
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
Bank of England

The Bank of England's monetary policy meeting is scheduled for today. The central bank is expected to hike interest rates by 25 basis points at today's meeting. The rate hike comes amid continued uncertainty on both the economic and the political front. The expected rate hike today will be the first from the BoE since July 2007, marking a decad...

2017-12-12 John Benjamin Read more
Theresa May_Brexit_Negotiations_1906

The common currency was seen giving up more than half the gains made last week as price action in EURGBP was bearish. Closing at 0.8892 on Friday, EURGBP, however, remains supported above 0.8837 level of support. The gains in the euro came about as the Brexit talks continued but with no significant progress made. The euro initially rose last we...

2017-10-22 John Benjamin Read more
BoE_Sterling_GBP

For the 2nd time in almost one year, the EUR/GBP exchange rate attempts and fails to hit the headline-grabbing parity level 1-1.  During the Eurozone crisis, a popular opinion backed the euro to fall towards the GBP 0.50 level.  After the Brexit referendum, popular views shifted towards expecting GBP 1.0 per one euro. But EURGBP is down 5% this ...

2017-10-22 Ashraf Laidi Read more
COT report_Sterling_ECB

This data references the period ending Tuesday, July 18th EURUSD Non-Commercials increased their net long positions in the Euro last week buying a further 7.5k contracts to take the total position to 91k contracts. The Euro has been steadily bought over the last month as markets continue to shift their perspective in line with the ECB. Rec...

2017-07-26 James Harte Read more
COT report_Sterling_ECB

This data references the period ending Tuesday, July 4th. EURUSD Non-Commercials increased their net long positions in the Euro last week buying a further 18.7k contracts to take the total position t0 77k contracts. EUR demand continues to grow as markets see an increased likelihood of ECB tapering/stimulus withdrawal coming ahead of time....

2017-07-26 James Harte Read more
BOE_GBPUSD_BOE_Sterling

Shift in Tone by BOE Comments by BOE Governor Mark Carney at last week’s Sintra panel saw strong Sterling demand kick in as markets reacted to the BOE’s perceived shift in sentiment. The BOE governor declared that the debate about raising rates before year end is now “live” among the MPC. The key takeaway from this event was the insight it give...

2017-07-26 James Harte Read more
Mark Carney_BoE_2706

Mark Carney. Image via Bank of England The Bank of England Governor, Mark Carney spoke to reporters on Tuesday last week, where he said that it was not the right time to raise interest rates. He said that weak wage growth and inflationary pressures suggested that rates will remain for a period of time. Despite the dovish comments from the BoE ...

2017-07-26 John Benjamin Read more
Mark Carney_BOE_Sterling_1205

Image via Bank of England Summary: BoE keeps interest rates unchanged at 0.25%, with a 7 -1 vote BoE keeps asset purchases steady at £435 billion Inflation expected to overshoot BoE’s inflation target well into 2018 2017 inflation forecast at 2.7%; GDP growth expected at 1.7% The Bank of England's monetary policy meeting yest...

2017-07-26 John Benjamin Read more