Tag Archives: BoE

Early on Tuesday’s the Asian session, the GBP/USD pair is trading slightly in the green near 1.2770. In response to the Fed’s hawkish remarks and the positive US statistics, traders reduce their bets on interest rate reductions by the Fed. The GBP could rise if the BoE decides to hold …

Federal Reserve Governor Christopher Waller has expressed concerns about the need for further rate hikes due to the hotter-than-expected inflation data. He believes that more months of good inflation data are needed before he can support an easing in policy. Federal Reserve Bank of Boston President Susan Collins and Federal …

Since fighting inflation is one of the two main components of the Bank of England’s mandate, and as all major central banks do assess how well they have performed the fundamental mandate assigned to them, markets are waiting for new evidence that could help identify the characteristics of the future …

The US Dollar regained some stability and partially reversed its recent significant decline, especially in response to the US Consumer Price Index (CPI). Meanwhile, Federal Reserve officials expressed caution about inflation and the possibility of future interest rate cuts later this year. USD Index Rebound: The USD Index (DXY) experienced …

Ahead of the release of US CPI on Wednesday, market players were analysing sticky US producer prices and Chair Powell’s lukewarm stance, which caused the US dollar to continue its dismal start to the week and retreat to multi-day lows. The USD Index (DXY) continued to fall on Monday, breaking …

The USD Index (DXY) gave up some of its recent gain amid lower yields across the curve due to a data-driven sell-off. The BoE furthered the policy divide between the Fed and its G10 counterparts by holding rates steady and paving the way for a rate cut earlier than expected. …

The GBP/USD pair drops to 1.2500 on Wednesday, down -0.06%, as the USD strengthens. According to Fed member Kashkari, it’s premature to declare that inflation has stopped, and if it does, they may lower interest rates this year. The interest rate at 5.25% is anticipated to remain unchanged at the …

The Pound Sterling has fallen against the US Dollar amid a dismal market mood, with investors seeing the Bank of England (BoE) delaying rate cuts. UK’s stable wage growth is limiting the slowdown in price pressures, while the US Dollar corrects despite the Fed’s stance towards keeping interest rates higher …

Bank of England’s Governor Andrew Bailey speaks in the wake of the pick up in UK inflation figures in March.GBP/USD keeps the tight range in the low 1.2400s, fading the initial bullish move to the 1.2480 zone on the back of the ongoing bounce in the Dollar.Key QuotesWe’re pretty much …

Andrew Bailey, the governor of the Bank of England, has intimated that because the inflation dynamics of the two economies differ, the UK may be able to cut interest rates before the US. After unexpectedly strong price data in America this week rattled markets, Bailey said there is more demand-led …