uk economy

ukThe UK's economic activity as measured by the manufacturing, construction and services sector showed that businesses were struggling to hire. Based on the monthly reports, the UK's economy was seen to be on track to post a 0.4% quarterly growth in the current quarter. However, this would match the same pace of growth that was registered in ...

2018-09-13 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
BoE

The UK currency market was busy last week amid the jobs and the inflation report scheduled over the week. Ahead of the week, investors were expecting to see a healthy pace of increase across the labor market and consumer prices. [shortcode-variables slug="confidenttotrade"] UK unemployment rate holds steady at 4.2% On Wednesday, the UK's Of...

2018-07-24 John Benjamin Read more

While a proud footballing nation mourned another harrowing defeat there was still plenty to be excited about as England received its prize for coming fourth in the World Cup yesterday: a visit from US President Donald Trump. Arriving with a security convoy which looked like it had been plucked straight from the set of a Hollywood movie, the Pres...

2018-07-13 James Harte Read more
london pmi forex

The monthly PMI figures for the month of June signaled that the UK’s economy was poised for a rebound. Data from Markit/CIPS indicated a mixed report, but the overall factor was that business conditions were improving. Following the release of the PMI’s, Markit forecasts that the UK’s economy might have averaged around 0.4% in the three month...

2018-07-12 John Benjamin Read more
central bank

The Fed: Gradual Policy Tightening In Full Swing The Fed has reaffirmed its commitment to sticking to its plan of “gradual” policy normalisation with two more hikes forecast this year. The economic outlook is good, with the economy on track to grow by around 4% in Q2 2018, boosted by tax cuts with inflation continuing to creep higher. Employmen...

2018-07-05 James Harte Read more

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 2k contracts to take the total position to 34k contracts. EUR has now been net sold for each consecutive week over the last month as the market has adjusted its view in line with the ECB’s declaration that rates will be on hold until at least summer 2019. ...

2018-07-02 James Harte Read more
forex analysis

Daily Forex Market Preview, 02/07/2018 The euro currency was seen posting strong gains from the start on Friday. The gains came as news outlets reported that the EU summit saw the region's leaders agreeing to solutions on the European migrant crisis. The common currency also held its ground as economic data later in the day showed that hea...

2018-07-02 Orbex Read more
bank of england rate hike

The Bank of England held its monetary policy meeting last week on Thursday. As widely expected, the central bank left the key interest rate unchanged at 0.50%. However, the central bank was seen laying the ground work for a rate hike in August. However, a lot will depend on how the UK's economy fares in the second quarter of the year. Officia...

2018-06-26 John Benjamin Read more
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