Tag Archives: BoE

The British Pound rallied on Thursday and investors reined in their bets on a big Bank of England interest rate hike in November as UK Prime Minister Liz Truss announced her resignation just six weeks after she was appointed.At the time of writing the GBP/USD pair is trading at 1.129 …

Gold prices are under pressure below a key dominant bearish trendline. The US dollar could find support from the US bond yields that are resurging. Gold is trading at $1,650.38 at the time of writing and continues flat on the day at the time of writing. The precious metal has …

The GBP/USD pair falls below 1.1200 due to political row in the UK. At the time of writing, the GBP/USD is trading at 1.1177, below its opening price, after hitting a daily high of 1.1366. The British pound extends its loss amid two weeks of chaos around Liz Truss’s mini-budget, …

According to the BBC, Prime Minister Liz Truss has sacked British Finance Minister Kwasi Kwarteng. Reporting on the matter, “The Telegraph now understands that Liz Truss is set to remove Kwasi Kwarteng as Chancellor this afternoon,” The Telegraph tweeted. “It was thought the PM’s press conference would be held at …

The EUR/USD pair is barely up 0.08% on Tuesday, following BoE’s Baily remarks, which deteriorated the market sentiment. During the European session, the ECB Chief Economist Philip Lane said that the ECB would impact the markets by hiking rates than selling its hefty pile of bonds on Tuesday. Given that …

The Euro breaks above 0.8800 to hit session highs at 0.8855. the EUR/GBP pair is trading at 0.8841 at the time of writing. Bank of England governor Andrew Bailey announces the end of the emergency support program and subsequently the pound falls.Additionally; BoE governor warns about unprecedented volatility in the …

The Bank of England (BoE) accepted 1.363 billion sterling of offers in the daily purchase operation of conventional long-dated bonds on Tuesday.The BoE rejected 47.6 million GBP of offers in the same operation. The 2-year UK bond yield pushed lower with the initial reaction and was last seen losing nearly …

The prevalent negative market sentiment on Monday coincided with broader Russian attacks on Ukraine, firing multiple missiles that targeted communication and energy targets in and around Kyiv.Economic Data The economic calendar featured no significant economic data during the US session. Other Developments The US dollar extended last week’s momentum and …

The Bank of England’s Monetary Policy Committee has the tools and the resolve to return inflation to target in the medium term according to statements and remarks by policymaker Jonathan Haskel on Thursday.These remarks did nothing to help the British pound find demand and the GBP/USD pair was last seen …

GBP/USD keeps moving back and forth on Tuesday in a day that ran through a vast territory for a fresh high for the week, so far, at 1.1489 from a low of 1.1280. The American dollar was hit hard by lower-than-expected JOLTS data that has accompanied weak Manufacturing data and …