Tag Archives: BoE

The GBP/USD pair is trading at 1.3627 and higher by 0.24% after rising from a low of 1.3585 to a high of 1.3648. Besides domestic drivers, the sterling has benefitted from a pullback in US yields and the US dollar. US Treasury yields are retreating from near two-year highs on …

Bank of England Governor Andrew Bailey, who is currently testifying before the UK Parliament’s Treasury Select Committee, said on Wednesday that regional agents are seeing some evidence of second-round inflation effects. Additional Quotes:“Since November, financial markets have pushed back when they expect energy prices to fall.”“Tension on the Ukrainian border …

Sometimes, rumours take part in shaping the market’s overall mood even partially, though such rumours have no relation to reality. Something of this kind seems to have happened last week. The EUR/USD pair has been in a sideways trend since November, fluctuating in the range of 1.1220 – 1.1385.   …

Global Central Banks Start Turning Off Cash TapsAs speculation grows about when the US Federal Reserve will begin reducing the size of its balance sheet, some analysts say the era of “quantitative tightening” has already started and “quantitative easing” is over.Central bank balance sheets have ballooned since the pandemic struck …

Businesses in the UK see year-ahead output price inflation at 4.5% in the three months to December, up from 4.2% in November, the Bank of England’s (BOE) Decision Maker Panel (DMP) survey revealed on Thursday.  “Annual output price inflation continued to increase in the DMP, reaching 5% on average in …

Banks in Europe are issuing a particular type of bond in droves, locking in super low borrowing costs ahead of possibly tighter monetary policy in 2022.Issuance of covered bonds, which are debt instruments sold by lenders, have recently risen to the highest monthly level since before the pandemic began, according …

European stocks retreated on Friday, continuing to recede from highs despite positive broker backing from firms including Credit Suisse and Morgan Stanley.The Stoxx Europe 600 XX:SXXP dropped 1% in afternoon trade, and the index is now down over 3% from record highs set in November. The European backdrop has been …

Gold was among the best performers, advancing for a second consecutive day and currently trading around $1,795 a troy ounce. Crude oil prices were also up, with the barrel of WTI currently trading at $72.50. European indexes posted substantial gains, but Wall Street was unable to follow the lead, and …

Eurozone government bond yields rose on Thursday after the Bank of England delivered a surprise rate rise and the European Central Bank cut stimulus, but the bonds selloff was limited as the ECB pledged to continue monetary support in 2022.Bond yields, which move inversely to their price, shot up when …

The Bank of England announced on Thursday that it would hike its benchmark interest rate by 15bps at 0.25%. Leading up to the meeting, markets had been pricing a roughly 60% chance of a hike, with these odds rising in wake of Wednesday’s hotter than expected UK November Consumer Price …