Posts Tagged ‘Interest Rate Decision’
Key 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…
Read MoreRate Decisions Loom: Markets Brace for BoE Cut and Fed Signals
GBP Sterling eased off recent highs against the US dollar last week. GBP/USD touched a peak around 1.3445 but slipped towards the 1.3250 level by Friday, as a stronger US dollar and softer UK economic data weighed on sentiment. UK services PMI for April came in just below the 50 mark, indicating flat to contracting…
Read MorePound Resilient Amid Tariff Tensions and Central Bank Shifts
GBP The Pound held firm last week, supported by comments from Bank of England (BoE) Deputy Governor Dave Ramsden, who emphasised the need for a gradual approach to rate cuts. Investors continue to expect the BoE’s easing cycle to be more measured than other major central banks, with markets pricing in two rate cuts this…
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