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
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
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
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
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...

2018-04-24 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