Tag Archives: BoE

A shocking jobs report sent shockwaves across financial assets on Friday, triggering concerns about an undesired looming recession and prompting a steep decline in both traditional and crypto assets. The US Bureau of Labour Statistics reported a worrisome increase in unemployment, along with a three-year high for temporary layoffs and …

The Pound Sterling managed to recoup some losses against the US Dollar on Friday, buoyed by a significantly weaker-than-expected US Nonfarm Payrolls (NFP) report. The data revealed a sharp slowdown in job growth, casting doubt on the resilience of the US economy and prompting a broad-based decline in the dollar.Despite …

The Bank of England faces a critical decision on interest rates as policymakers weigh whether to reduce borrowing costs for the first time since the onset of the Covid-19 pandemic. Following a significant decline in inflation this year, Threadneedle Street is poised for its first rate cut since raising interest …

GBP/USD retreats 1.70% from its year-to-date high of 1.3043, trading at 1.2826. Technical outlook shows bearish momentum, with key support at 1.2800 and potential further losses to 1.2612-1.2622 area. Buyers need to push past 1.2893 to challenge 1.2900 and higher resistance levels.The GBP/USD begins the week on the back foot …

It is like a coin toss when the Bank of England decides on interest rates next week. The market is not as sure as most analysts that a rate cut will occur next week. There is disagreement among the members of the central bank’s policymaking committee; some support lowering interest …

Exploring the realm of central bank reserves and the recently created Short-Term Repo (STR) program by the Bank of England is crucial. It investigates if this instrument is pointing to a possible problem with the Bank’s strategy to use quantitative tightening to reduce the size of its balance sheet. Background …

The British pound has soared to its highest point in a year, propelled by investors seeking attractive returns as global interest rates decline. However, financial experts warn that sustaining this momentum may require more than just elevated interest rates. Recent data reveals that UK inflation remains stubbornly high, prompting traders …

The British Pound (GBP) surged in value during Wednesday’s trading session in New York. This jump came after the UK’s statistics office (ONS) released inflation data for June that was higher than expected. The report showed that overall inflation and inflation excluding certain items (core inflation) both went up in …

Interest rates in the UK are expected to be held again next month, rather than cut for the first time in over four years, according to Jonathan Haskel, a member of the Bank of England’s Monetary Policy Committee (MPC). The UK central bank has kept interest rates at a 16-year …

On Wednesday, investors remained mainly focused on the timing of Fed rate cuts. Attention will, next, shift to the BoE meeting as well as the flash PMIs readings.CurrenciesEUR/USD advanced marginally and managed to retest the 1.0750 zone amidst the irresolute price action in the US Dollar. On June 20, the …