Carney Cuts Cable

The pound sustains its biggest weekly decline in over four months after the Bank of England governor sparked a rethink of interest rate hike expectations for next month’s meeting. Is the BoE the latest central bank to panic over the rapid appreciation in its currency, or is there more to Carney’s comments? In an interview yesterday with the B...

2018-04-20 Ashraf Laidi Read more
Sterling _ BoE_GBP

The Bank of England governor, Mark Carney in a speech last week cautioned that inflation in the UK would rise above 3% in the few months. The comments came after earlier in the week, official data showed that consumer prices in the UK rose 3% in the month of September on an annual basis. This put the UK's inflation a full percentage point above...

2017-12-12 John Benjamin Read more
Mark Carney_BoE meeting_0302

BOE Chief Rebuffs Hawkish Expectations Despite hawkish expectations having increased recently, linked to persistent strength in inflation, GBP bulls were disappointed yesterday as BOE governor Mark Carney poured cold water on the idea of a hike. Speaking during the rescheduled Mansion House speech, the BOE governor said that now is not the time...

2017-07-26 James Harte Read more
BOE GBP

After a week with the lack of fundamentals across the board, this week comes with many economic releases and events, which likely to spark the level of volatility once again. During the European session ahead, all eyes will be on the UK as we wait for inflation figures, which likely to have a notable impact on the market and GBP pairs. Expec...

2017-07-26 Nour Eldeen Al-Hammoury Read more
BOE_UK Data_UK Inflation

After the slow and calm start of the week with no economic releases and lower volume across the board, volatility is set to pick up during the second trading day of the week, as we wait for many economic figures ahead. Today we will be concentrating on the UK inflation figures, which are expected to have a notable impact on the markets, especia...

2017-07-26 Nour Eldeen Al-Hammoury Read more
UK_Pounds

In the coming few hours, traders will be watching further economic releases from the UK, which likely to have a notable impact on the markets. Retail Sales will be released today at around 09:30 GMT+. The estimates are encouraging, pointing to an increase of 0.4% in February, after declining by -0.3% in January, which would be the first monthly...

2017-07-26 Nour Eldeen Al-Hammoury Read more
UK PMI_UK BoE

DowJones Above 20K Despite the fact that there were few significant economic releases yesterday, volatility has increased significantly as the DowJones Industrial Average has finally surpassed 20K barrier and continued to rise all the way above 20,050. Such a break has put some pressure on the US Dollar Index, which broke through 100.0 barrier ...

2017-01-26 Nour Eldeen Al-Hammoury Read more
Theresa May_Brexit

The first day of the week came in with lack of fundamentals and liquidity, while volatility picked up on the rising fears of Brexit. However, rising volatility is what we all need to jump in to new opportunities. In today’s report, we will discuss the upcoming economic releases in the UK, what to look for, how to trade the news and what matters ...

2017-01-17 Nour Eldeen Al-Hammoury Read more
BOE Carney

After the Federal Reserve had decided to raise the fed fund rate by 25bps as widely expected, another central bank decision is ahead of us, which set to have another wave of volatility in the coming hours. Before the start of the US session, the Bank of England will announce its decision side by side with the latest MPC meeting minutes, in today...

2016-12-15 Nour Eldeen Al-Hammoury Read more
BoE decision

During the European session today, there were some European and British data, which had a notable impact on the markets, despite the fact that all eyes are on the Federal Reserve later tonight. Yet, the UK figures had a notable impact on GBP pairs across the board ahead of the key event (Fed decision) and the BOE decision tomorrow. In this artic...

2016-12-14 Nour Eldeen Al-Hammoury Read more