Posts Tagged ‘BoE’
Sterling Struggles, Euro Awaits CPI, Dollar Eyes Jobs Data
Interest Rate / Inflation Zone Interest Rate Inflation UK 4% 3.8% EU 2.15% 2% US 4.25% 2.9% Key Market Updates GBP Sterling remains under pressure, with markets watching the Labour Party conference for any signs of unfunded spending. Such signals could weigh on gilts and GBP. Focus will then turn to Bank of England speakers,…
Read MoreCentral Bank Moves Set Stage for PMI & PCE Data
Last week’s highlights: Current inflation: Current interest rates: Key events this week: Outlook: Why this mattersThis week’s data releases could spark sharp moves in currency markets. For businesses and individuals with upcoming FX needs, even small shifts can have a meaningful impact on costs and margins. Our team can help you manage the risks and…
Read MoreMarkets Brace for Pivotal Week: BoE and Fed Decisions in Focus
Interest Rates & Inflation Region Interest Rate Inflation UK 4.0% 3.8% EU 2.15% 2.1% US 4.5% 2.9% GBP Sterling faces a pivotal week with key data releases ahead of the Bank of England’s policy decision on Thursday. EUR The Pound to Euro slipped back towards 1.1550 last week after UK growth data disappointed and the…
Read MoreThis Week in Markets: UK GDP in Focus, ECB Decision, and US Inflation Watch
Interest Rates & Inflation Region Interest Rate Inflation UK 4.0% 3.8% EU 2.15% 2.1% US 4.5% 2.7% GBP Friday 12th – GDP (MoM) EUR Thursday 11th – ECB Interest Rate Decision USD Wednesday 10th – PPI ex Food & Energy (YoY) Thursday 11th – CPI (YoY) Key Market Updates Why this mattersThis week’s data releases…
Read MoreJackson Hole Countdown: Will Inflation Tip the Scales?
Summary A data heavy week lies ahead, culminating in the Jackson Hole Economic Policy Symposium. Markets are poised for significant FX moves around UK CPI and activity data, FOMC minutes and Chair Powell’s address, and President Lagarde’s remarks alongside Euro Area PMIs. The near term direction for USD, GBP, and EUR will hinge on whether…
Read MoreKey Economic Data and Political Moves Set to Drive FX Markets This Week
Interest Rates & Inflation Region Interest Rate Inflation UK 4.00% 3.6% EU 2.15% 2.0% US 4.50% 2.7% Last week in FX markets: The pound experienced notable volatility, with GBP/USD edging higher amid firmer UK data suggesting an uptick in economic resilience. Stronger-than-expected inflation and employment signals helped buoy Sterling against the US dollar, as markets…
Read MoreRates on Hold, Markets on Edge: Trade Deals, Inflation and Fed Pressure in Focus
Key Dates & Policy Updates UK EU US Major News Highlights Trade & Politics Equities & Commodities FX Forecasts & Market Outlook GBP/USD GBP/EUR EUR/USD & USD Summary Table Region Inflation Rate Decision Policy Outlook FX/Near-Term Forecast UK CPI 3.6% (June) 4.25% held No cut until at least Sept GBP/USD weak; GBP/EUR mean reversion to…
Read MoreDollar on the Back Foot as Political Risks Rise
GBP: Trade Deal with the U.S. Supports the Pound The pound strengthened last week, supported by the announcement of a UK–U.S. trade agreement. The deal reduced tariffs on British automotive and aerospace exports, boosting optimism around UK trade and economic prospects. Sterling also benefited from broader dollar weakness. GBP/USD climbed from 1.3377 to 1.3726 over…
Read MoreTense Times: Data, Dovish Shifts, and Global Risks Drive FX Sentiment
GBP: Steady for now, but data and BoE commentary keep the market on edge Sterling held firm at the start of the week, supported by the Bank of England’s cautious tone. Despite keeping rates unchanged at 4.25% last Thursday, policymakers continue to signal that any move lower will be slow and data-dependent. Governor Andrew Bailey…
Read MoreKey Central Bank Decisions and Inflation Data Set the Tone
GBP Sterling saw muted movement early in the week, with GBP/USD drifting near 1.3545 and GBP/EUR retracing from 1.1775 back below 1.1730. Caution remains ahead of a key week for UK data and policy. Markets widely expect the Bank of England to hold interest rates at 4.25% on Thursday. However, signs of softness in the…
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