{"id":83849,"date":"2023-05-09T20:43:25","date_gmt":"2023-05-09T16:43:25","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=83849"},"modified":"2023-05-09T21:42:38","modified_gmt":"2023-05-09T17:42:38","slug":"sterling-trades-back-above-1-2600-ahead-of-interest-rate-decision","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/sterling-trades-back-above-1-2600-ahead-of-interest-rate-decision\/05\/09\/market-updates\/","title":{"rendered":"Sterling trades back above 1.2600 ahead of BoE&#8217;s decision"},"content":{"rendered":"\n<p>The British pound drops to around the 1.26 handle ahead of key macroeconomic events for the week. \u00a0The Pound Sterling is likely to be impacted by the Bank of England meeting on \u201cSuper Thursday\u201d. The US Dollar will look for impetus from the US Consumer Price Index data for April on Wednesday.<\/p>\n\n\n\n<p>The Sterling recovers back above the 1.2600 handle versus the US Dollar (USD)&nbsp; on Tuesday, as the Greenback slips on the back of slightly softer US Treasury bond yields.<\/p>\n\n\n\n<p>Traders are gearing up for two big releases that will impact GBP\/USD over the next two days \u2013 US Consumer Price Index (CPI) inflation data on Wednesday and the Bank of England (BoE) policy meeting on Thursday.<\/p>\n\n\n\n<p>The Pound Sterling will probably take direction from the outcome of the Bank of England (BoE) policy meeting on Thursday. A 25 bps interest rate hike is now expected with almost 100% certainty. What is less certain is the bank\u2019s forward guidance, BoE Chairman Andrew Bailey\u2019s comments in the press conference afterwards, and the distribution of member votes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The British pound drops to around the 1.26 handle ahead of key macroeconomic events for the week. \u00a0The Pound Sterling is likely to be impacted by the Bank of England meeting on \u201cSuper Thursday\u201d. The US Dollar will look for impetus from the US Consumer Price Index data for April on Wednesday. The Sterling recovers &hellip;<\/p>\n","protected":false},"author":13,"featured_media":54454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7562,6967,8970,7046],"class_list":["post-83849","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-andrew-bailey","tag-boe","tag-interest-rate-decision","tag-sterling"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/83849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=83849"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/83849\/revisions"}],"predecessor-version":[{"id":83852,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/83849\/revisions\/83852"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/54454"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=83849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=83849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=83849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}