Tag Archives: BoE

Last week was ideally key central banks’ week, it is poised to be followed by a relatively quiet week ahead. It was practically a big week for US stocks. US StocksThe Fed’s indication that it may lower interest rates three times in 2024 caused the stock market to surge higher …

The US dollar has been softer despite the recent slew of US data, including Retail Sales and Jobless claims. The US Dollar Index dropped further on Thursday, extending the negative momentum that followed the FOMC statement. The dovish signals from the Fed have weighed on the US Dollar, which remains …

EUR/GBP traded slightly lower in Thursday’s session, remaining pinned at 0.8610. The daily chart shows a neutral to bearish outlook, with buyers struggling to gain traction. The Relative Strength Index (RSI) is in negative territory, signaling continued downward momentum. The Moving Average Convergence Divergence (MACD) shows red bars, indicating bears …

The GBP/USD pair has touched its highest peak since August. The pair also rides high on momentum, bouncing towards the 1.2730 level after hitting a high at around 1.2755.The pair’s rally was driven by the Bank of England’s hawkish policy stance, which has boosted the Sterling’s value against the US …

The Bank of England (BoE) announced on Thursday that it has decided to leave the policy rate unchanged at 5.25%, in line with market expectations. Policymakers voted 6-3 in favor of the decision, with three members of the Monetary Policy Committee (MPC) – Megan Greene, Jonathan Haskel, and Catherine Mann …

The GBP/JPY pair was unable to maintain its gains for longer, resulting in the formation of a bearish candlestick pattern. Despite being neutral, a drop within the Kumo might cause the pair to continue its downturn.Buyers regaining a three-month-old resistance trendline might pave the way for a test of the …

The GBP/USD pair is trading at 1.2556, despite a volatile session with a 90+ pip range. The US Bureau of Labour Statistics reported declining inflation, with headline dipping and core remaining stickier at 4% YoY. The UK jobs market eased, with 50K new employees added to the workforce, though wages …

On Thursday, the Bank of England is expected to keep interest rates unchanged and to maintain its higher-for-longer stance. UK economists believe the Bank of England will use this week’s interest rate decision to warn that borrowing costs will need to remain high well into 2024, dampening growing bets on …

The EUR/GBP pair is currently trading near 0.8560, with the pair testing the low end but still trapped within near-term consolidation.The midweek sees a doubleheader from the BoE and the ECB, with markets focusing on press statements and investors weighing degrees of hawkishness. The pair is down a tenth of …

The GBP/USD has surged for the fourth consecutive day following dovish remarks by US Fed officials, suggesting a deceleration in inflation would warrant lower rates. The pair has posted more than 0.60% gains, with buyers eyeing a test of the August 30 swing high at 1.2746, which could pave the …