Tag Archives: sterling

The Bank of England is expected to raise interest rates by 25 basis points this week, according to traders. The market is also anticipating significant US inflation numbers on Wednesday, which will give additional insight into the world’s largest economy’s fight against inflation. On Tuesday, sterling fell against the US …

The Sterling recovered after a post-NFP crash, pushing to new highs in mid-1.26. The US Bureau of Labour Statistics reported 253K new jobs and Average Hourly Earnings rose, suggesting persistent inflationary pressures. This led to US Dollar buying that weighed on the pair. The GBP/USD has recovered all the losses …

After the Federal Reserve decided to raise rates by the same amount on Wednesday, GBP/USD surged to new highs. The ECB’s statement that went along with it emphasised signs of ongoing inflation pressures in the Eurozone. Following hawkish remarks made by Christine Lagarde, president of the European Central Bank, on …

Fed will almost definitely raise interest rates on Wednesday as the value of the pound against the US dollar falls as a result of the US bank rescue. Bearish two-bar reversal pattern suggests short-term downside pressure for GBP/USD which is trading at 1.2460 at the time of typing.Tuesday’s European session …

The GBP/USD pair rallied from a 50% mean reversion of Friday’s bullish run and broke to 1.2150 on Tuesday, breaking a key resistance around 1.2050 which has invalidated the prior downside bias.The pound sterling achieved strong gains during the US session, Tuesday, and was the most major currency gainer, by …

Bank of England (BoE) Governor Andrew Bailey is delivering his remarks on the policy outlook and responding to questions from the press following the bank’s decision to hike the policy rate by 50 basis points to 4% in February. “Change in language reflects a turning in the corner but very …

The BoE’s governor, Andrew Bailey said on Tuesday there was no monetary policy reason to reduce or restructure the way the UK central bank pays interest on its reserves held by commercial banks.“In my view, there is not a monetary reason, a monetary policy reason that is, for varying that. …

This week’s UK Fiscal Statement, including tax rises and spending cuts announced by Jeremy Hunt, could mark the beginning of the process of restoring the UK’s impacted reputation, according to the Institute of Fiscal Studies. ‘The swing over a couple of months from Kwasi Kwarteng’s fiscal loosening to a big …

Irritating recession and interest rate worries impacted Europe’s markets on Thursday, and the pound fell as the United Kingdom seeks a way out from its disastrous fiscal experiment to leave it behind it with a new budget that is largely conceived of as austere-looking.Early optimism about Siemens’ earnings and expectations …

The markets focused on the Bank of England on Thursday. BoE hiked its benchmark rate by 75 bps as expected. However, policymakers downwardly revised the growth forecast, anticipating the recession will continue into the future. The EURUSD pair hovers around 0.9750 after falling to 0.9729. Commodity-linked currencies extended their slides …