Tag Archives: BoE

Following the most recent UK inflation estimate, economists anticipate a 25 basis point increase in the Bank of England’s benchmark interest rate in May. Data on the UK labour market and inflation released this week have given the Bank of England (BoE) policy officials some positive surprises.Analysts revise their projections …

Data from Britain’s Office for National Statistics showed on Wednesday that consumer price inflation in the country fell to 10.1 percent in March from 10.4 percent in February. Economists polled by Reuters had expected the annual rate to drop to 9.8 percent in March, further away from October’s 41-year high …

Ahead of important data on Wednesday, the GBP/USD bulls are active in the market. Data on UK inflation will be released and may support the BoE’s hawkish stance. The GBP/USD currency pair has so far moved from a low of 1.2366 to a high of 1.2449, rising by 0.41% on …

Bank of England Governor Andrew Bailey earlier said in a speech on Wednesday before the Institute of International Finance in Washington where he is attending International Monetary Fund meetings that he did not believe ´´we face a systemic banking crisis.”The Pound rose towards $1.25 vs. the US dollar, moving closer …

The GBP/USD pair is up by +0.05% and is trading at 1.2430. While risk sentiment has strengthened, the British pound has found stability in a crucial support level, keeping sterling close to the 10-month high it reached last week on speculation that interest rates will shortly peak and decline later …

Most observers and analysts assert that proposals for de-dollarization can undoubtedly be detrimental to the US dollar. Once regarded as the sole currency for international trade, the American dollar is losing its appeal and being supplanted by other currencies. The United States today faces a growing wave of global de-dollarization …

The Bank of England Chief Economist Huw Pill said on Tuesday that caution is still needed in assessing inflation prospects on account of the potential persistence of domestically generated inflation, as reported by Reuters.GBP/USD preserves its bullish momentum on Tuesday and was last seen rising 0.75% on the day at …

With a positive start to the important week, the GBP/USD pair continues to climb. OPEC+ decision, despite driving up oil prices, fails to support the US dollar. The two appear to dismiss criticism of Brexit, pessimistic UK inflation projections, and a strong US dollar.Weaker US data, rates, and declining hawkish …

Bank of England’s Andrew Bailey has said that the British central bank has to be very alert to any signs of persistent inflationary pressures.Key QuotesIf they become evident, further monetary tightening would be required. MPC´s response will be firmly anchored in the emerging evidence. Evidence has pointed to more resilient …

Financial markets witnessed a very volatile week as investors and traders tended to believe that officials’ efforts to calm banking turbulence would allay concerns that the 2008 financial crisis would recur. Recent central banker statements that sounded less hawkish are bolstering the cautious optimism. In particular, today’s light calendar and …