Tag Archives: BoE

The Pound Sterling (GBP) has risen to 1.2660 in early New York session due to the UK’s improved economic outlook and increasing home prices. The GBP/USD pair is showing strength as recent economic indicators suggest the UK economy is on track to return to growth after falling into a technical …

Official data released on Thursday confirmed that the British economy slipped into a mild recession last year, posing a significant challenge for Prime Minister Rishi Sunak as he seeks to reassure voters about the economy’s stability ahead of anticipated elections later this year. According to the Office for National Statistics …

The Pound Sterling is facing pressure near 1.2650 against the US Dollar in Tuesday’s early American session as the latter rebounds. The GBP/USD pair is trading at 1.2630, down -0.05% at the time of writing.Investors expect the Bank of England (BoE) to be more dovish this year than previously anticipated, …

In the middle of the North American session, the Pound Sterling is still available due to rumours of a possible rate decrease by the Federal Reserve in June. As a result, the GBP/USD pair has somewhat rebounded against the US Dollar. The US economic schedule hasn’t been able to strengthen …

Global inflation-linked concerns, lest it should return to the previous highs, continue to reveal themselves in the context of the precautionary rhetoric adopted by major central banks worldwide. In practice, monetary policymakers have announced, through formal decisions, their intention to keep interest rates “higher for longer”, an important tool, until …

The major central banks’ monetary policy announcements cause the pound sterling to plunge sharply against the US dollar, hitting a new low that hasn’t been seen in two weeks. The market took a wrong turn on Thursday after the Bank of England became more dovish. As of this writing, the …

On Thursday, the pound stabilized against the dollar as traders awaited the Bank of England’s meeting, widely anticipated to maintain UK rates, though uncertainty looms over its monetary policy outlook. This week sees a flurry of central bank decisions. Notably, the Bank of Japan surprised markets on Tuesday by abandoning …

In a week marked by pivotal decisions from five of the world’s largest central banks, including the US Federal Reserve and the Bank of Japan, all eyes are now turning to the Bank of England’s upcoming announcement scheduled for Thursday. Speculation abounds regarding the likelihood of a maintained interest rate …

Data from the UK Office for National Statistics (ONS) showed that the Consumer Price Index (CPI), a key indicator of inflation, rose by 3.4% in the UK in February last year. This represents a slight decline from the 4.0% increase recorded in January 2016. in line with market expectations, Just …

The British Pound (GBP) is hovering around the 1.2700 mark, last seen at 1.2717, against the US Dollar (USD) on Wednesday morning, as investors brace themselves for crucial inflation data and interest rate decisions from both the UK and the US.FOMC, BoE’s Decisions AwaitedThe US Federal Reserve is widely expected …