Pound Sterling (GBP)

Image via Bank of England The Bank of England's monetary policy meeting that concluded yesterday saw the central bank leaving interest rates and its asset purchases steady at a pace of 0.25% and 435 billion GBP respectively. While the…
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Reviewing FOMC Decision The Federal Reserve decided to raise the Fed Fund Rate by 25bps as widely expected. However, one of the members has voted in favor of keeping the rates unchanged. Moreover, the Fed left the economic projections…
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EURUSD Weekly Engulfing Candle The Euro managed to rise for the past seven consecutive weeks, but it failed to break above 1.08 barrier, leading to a notable decline during last week’s trading, all the way back to 1.06, forming a bearish…
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USD Index Failed At 103.50 The US Dollar Index seems to be closing the week lower, which would be the fifth week of consecutive declines, one we have not seen since Q1 of 2015. However, the key point is whether the index will be able to…
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The UK's Supreme Court ruled on Tuesday, January 24, 2017 that the Theresa May's government will require the approval of the parliament to trigger Article 50, upholding the ruling from the UK High Court back in November last year. The…
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For the past few weeks, the US Dollar Index failed to break above 103.0 resistance area for more than three weeks, leading to a short-term correction to the downside, which seems to perfectly technical for the time being. However, the US…
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The Bank of England's monetary policy meeting yesterday saw the central bank's policy makers keeping the key interest rates unchanged at 0.25% and voting to maintain the bank's asset purchases at 435 billion GBP and maintaining corporate…
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In today’s article, we will take a look at the outcomes of the Chinese Data in addition to a look at the UK inflation data, what does it mean for both central banks (PBoC & BOE) and the effect on the Chinese Yuan and the British Pound…
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Image via Bank of England / Flickr The Bank of England is widely anticipated to cut interest rate by 25bps for the first time in nearly seven years in a bid to cushion the UK's economy from the Brexit shock. The Bank of England's interest…
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As we advised before, market may head for trading zone over short-run between 1.3200 - 1.3600 before resume drop toward 1.2500 market may get chance for farther advance above 1.3680 where 1.3800 and 1.3970 will be the resistance levels…
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