Commerzbank economists offer their thoughts on the Bank of England’s latest monetary policy decision, announced this Thursday. The UK central bank announced the sixth rate hike in the current cycle and raised its key interest rate by 50 basis points to 1.75%. Featured Statements “The reason for the strong increase is the increase in inflationary […]
Tag: BOE
Bailey Speech: We do not target the exchange rate
The Governor of the Bank of England (BoE), Andrew Baileydelivers his speech on the outlook for monetary policy and answers questions from the press following the central bank’s decision to raise interest rates by 50 basis points to 1.75%. Featured Comments “If there are very high wage increases, we will have persistent inflation“. “My concern […]
GBP/JPY falls towards 161.50 in reaction to gloomy economic outlook from the Bank of England
GBP/JPY is under intense selling pressure after the Bank of England warns of an economic downturn. The BoE now expects the UK recession to start in the fourth quarter and last for the whole of next year. The revival of the demand for the yen, which is a safe haven, also contributes to the intraday […]
Bailey Speech: Parts of UK economy still going strong
The Governor of the Bank of England (BoE), Andrew Baileydelivers his speech on the outlook for monetary policy and answers questions from the press following the central bank’s decision to raise interest rates by 50 basis points to 1.75%. Featured Comments “We would have had to raise interest rates by double digits last year to […]
Bailey Speech: We See Upside Risks To Inflation Over The Next Year
The Governor of the Bank of England (BoE), Andrew Baileydelivers his speech on the outlook for monetary policy and answers questions from the press following the central bank’s decision to raise interest rates by 50 basis points to 1.75%. Featured Comments “Inflation concentrated in basic products hits people with lower incomes the most“. “If we […]
S&P 500: Futures with small gains, mixed dollar and metals on the rise
Wall Street futures rise modestly. Equity markets in Europe advance 0.75% on average. The dollar falls, but cuts losses in the last hour. Metals are rising again and are approaching recent highs. Futures on Wall Street and European markets are rising on Thursday, albeit at a moderate pace. The Bank of England raised the rate […]
EUR/GBP soars above 0.8400 after BoE warns of economic downturn
EUR/GBP soars to a new weekly high in reaction to selling around the British pound after the BoE. The BoE raises interest rates by 50 basis points and indicates that monetary policy is not on a pre-established path. Investors are now awaiting the BoE Governor’s comments for further momentum. The crossing EUR/GBP it has spiked […]
GBP/USD falls to fresh weekly low, bears flirt with 1.2100 level after BoE
GBP/USD falls for the third consecutive day in reaction to a dovish decision by the Bank of England. The BoE raises interest rates by 50 basis points and indicates that monetary policy is not on a pre-established path. Investors are now waiting for the post-meeting press conference for further momentum. The pair GBP/USD it was […]
GBP/USD approaches 1.2200 ahead of expected Bank of England decision
GBP/USD gains momentum on dollar weakness and hits daily highs near 1.2200. Operators waiting for the decision of the Bank of England. A rise of 50 basis points is expected, the largest in 27 years. The GBP/USD pair rises on Thursday and moves away from the weekly low reached on Wednesday near 1.2100 hit the […]
Forex Today: Focus is on Bank of England Monetary Policy Announcement
This is what you need to know to trade today Thursday, August 4: While FOMC officials balked at the market view that the Fed might start to cut interest rates in the second half of the day, the dollar remained strong against its rivals on Wednesday. Market action remains relatively subdued in early morning Europe […]