Tag Archives: BoE

Bond Market Update: German 30-year bond yields: +8 basis points to 2.76% France and UK bond yields: Also increasing, following a similar trend to Germany. This decline in longer-dated European government bonds comes amid speculation about increased security spending in Europe, potentially following a high-level meeting in Paris between EU …

The British Pound has rallied against the US Dollar, surpassing the 1.2600 mark. This surge is primarily attributed to unexpectedly weak US retail sales data, which suggests a pullback in consumer spending. The Pound’s upward momentum has also been bolstered by positive UK economic indicators. US Retail Sales DisappointUS retail …

The GBP/USD currency pair experienced a sharp decline, falling over 60 pips, as robust US economic data and a surge in Treasury yields bolstered the US Dollar. The pair flirted with the crucial 1.2500 support level.US Economic Strength Fuels Dollar DemandKey US economic indicators pointed to a strong economy. Initial …

The Bank of England is set to announce its monetary policy decision early on Thursday. Governor Andrew Bailey has signaled that the central bank is likely to keep the main interest rate on hold, emphasizing a gradual approach to monetary easing. Despite this cautious stance, Bailey recently indicated that up …

The Pound Sterling bounces back strongly above 1.3400 against the US Dollar after soft US PCE inflation data. The Sterling surged against the US Dollar (USD) on Friday, buoyed by a surprising slowdown in US inflation. The unexpected decline in the Personal Consumption Expenditure Price Index (PCE), the Federal Reserve’s …

Following the FOMC, the US Dollar Index (DXY) returned to the 100.50 zone while retaining its gloomy outlook. Harker of the Fed isn’t scheduled to talk until the end of the week. As selling pressure on the US dollar increased, the EUR/USD strengthened its gain from Wednesday and returned to …

The Pound Sterling’s Resurgence The Pound Sterling (GBP) has staged a remarkable comeback against the US Dollar (USD), surging to a five-day peak of 1.3214. This rally is primarily driven by the growing expectation that the Federal Reserve (Fed) will implement a substantial interest rate cut at its upcoming monetary …

On Thursday, the price of gold hit yet another record high as investors became increasingly optimistic about the future decline in global interest rates. With the second rate cut in three months by the European Central Bank (ECB), the spot price of gold soared to $2,567 per troy ounce, up …

The Pound Sterling moves higher against the US Dollar on improved market sentiment. BoE’s Mann warns about upside risks to price pressures.In September, the Fed is anticipated to lower interest rates by 25 basis points. During Monday’s North American session, the Pound Sterling (GBP) advances versus its major rivals, with …

For investors who anticipated a smooth 2024, last week painted a different picture of the market. The week started with a sharp drop in the Dow Jones on Monday, sparking a wave of negative headlines predicting further losses. The following days were marked by wild swings, including some sharp gains. …