Tag Archives: BoE

New Zealand will release data on electronic card retail sales during the Asian session, and Australian confidence polls are also due. The UK employment statistics and the German ZEW survey will be the important reports later in the day. After several days of advances, the US Dollar Index’s (DXY) winning …

The Bank of England’s Monetary Policy Committee member Catherine Mann stated on Monday that overtightening is simpler to correct than not changing interest rates. She continued by saying that overshoot would result from underestimating how long inflation would last. The GPB/USD pair is trading at the highest level in five …

The Pound Sterling has found intermediate support amid global uncertainty over the interest rate outlook. The GBP/USD pair finds an intermediate cushion, but the broader bias remains bearish as investors expect policy divergence between the Fed and the Bank of England may not vanish this month.BoE policymaker Swati Dhingra warned …

The Pound Sterling seems under pressure due to the Bank of England’s reluctance to raise interest rates further. The current policy is considered restrictive, and further hikes could make the economic outlook vulnerable. The UK services sector is shrinking after six months of expansion, and policy divergence between the BoE …

Amid gloomy UK PMI data and a slowing global economy, the pound sterling falls. The GBP/USD pair declines 0.42% to trade at 1.2567 as a result of the UK’s S&P Global/CIPS Composite PMI falling to 48.6, entering contraction zone for the first time since January. The pair is trading at …

Investor expectations that the following policy divergence between the Fed and the BoE will end have given the British pound a boost. Investors continue to support the GBP/USD pair as they anticipate further interest rate increases from the BoE. The UK’s manufacturing industry and real estate market have suffered greatly …

The pound Sterling has recovered as investors await the BoE’s 25 basis point interest rate hike to neutralize the Federal Reserve-BoE divergence. However, the GBP/USD pair’s revival faded as further policy tightening by the BoE will dampen the economic outlook. The UK’s restrictive monetary policy has widened its scope to …

The pound was set to post its biggest one-day gain in nearly two weeks on Wednesday after data showed Britain’s core inflation remained high in July, while the yuan fell to a nine-month low as concerns mounted of a further slowdown in growth. The pound sterling rose in the latest …

Official data revealed on Wednesday that inflation in Britain slowed as expected in July to its lowest annual rate since February 2022, despite more indicators monitored by the Bank of England that reflect pressure on commodity and services prices. The Office for National Statistics said annual consumer price inflation slowed …

With important UK GDP statistics due on Friday, the Pound Sterling experiences little trading and continues to move below the 50-day EMA around 1.2724. The Bank of England’s attitude, meantime, is under pressure as market chances point to a rate hike in September at 85%, with the Bank Rate possibly …