Posts Tagged ‘MPC’
Pound Holds Firm Ahead of BoE Decision, Euro Struggles, and Dollar Gains on Market Uncertainty
GBP The British Pound is behaving like a safe-haven currency as markets react to the latest U.S. tariff announcements from President Trump. While the U.S. Dollar is strengthening, the Pound is holding up well. This suggests that investors see the UK as less vulnerable to tariffs compared to major exporters like the Eurozone. The UK…
Read MoreKey Market Movers This Week: UK Inflation Data, US CPI, and China’s GDP in Focus
Market Report Week Commencing 13th January 2025 Currency Pair Mid-Market Rates GBP – USD 1.2164 GBP – EUR 1.1892 GBP – AED 4.4680 GBP – CNY 8.9201 EUR – USD 1.0228 Accurate at the time of writing Country Interest Rate Inflation UK 4.75% 2.6% US 4.5% 2.7% Eurozone 3.15% 2.4% UAE 4.4% 3.01% China 3.1%…
Read MoreSterling Holds Firm, Euro Weakens, Dollar Gains as US Election and Central Banks Take Focus
GBP Sterling has been one of the best-performing major currencies in 2024, thanks to the Bank of England’s cautious stance on cutting interest rates and better-than-expected economic data earlier in the year. If the upcoming budget is well received, and the BoE continues to take a measured approach to rate reductions, the Pound could maintain…
Read MoreSterling Rises on Strong UK Inflation, Markets Eye Fed’s Interest Rate Decision
GBP The British Pound strengthened during Wednesday’s London session following hotter-than-expected UK inflation data for August. At the time of writing, GBP|USD was nearing 1.3220, while GBP|EUR held around 1.1875. Volatility is expected later today with the Federal Reserve’s monetary policy decision at 18:00 GMT. According to the Office for National Statistics, core Consumer Price…
Read MoreCentral Bank Decisions Steal the Spotlight
GBP Pound Sterling is currently in a holding pattern, exhibiting sideways movement as it grapples with anticipation surrounding several high-impact data releases scheduled for this week. With GBP/EUR hovering around the 1.17 mark and GBP/USD around 1.27, investors and speculators are exercising caution as they await the Federal Reserve’s interest rate decision on Wednesday and…
Read MoreGBP Shows Strength, EUR Awaits ECB Decision & USD Faces Downward Pressure
GBP The UK economic landscape displays signs of improvement, with February’s PMI figures surpassing expectations. Despite this positive trend, inflation in the UK remains the highest among G-7 nations, prompting the Bank of England to maintain interest rates in restrictive territory for an extended period. Amidst this backdrop, the Pound has advanced against both the…
Read MoreSterling Holds Strong Amid Economic Uncertainty
GBP As household spending becomes more vulnerable and a steep pessimistic outlook emerges among business owners regarding the economic landscape, the BoE is anticipated to face challenges in reaching a decision due to persistently higher price pressures and fears of a recession. This predicament may make it challenging for policymakers to adhere to a restrictive…
Read MoreSterling Strength, Euro’s Reckoning, and Dollar’s Caution in the Week Ahead
GBP Sterling has been displaying strength against a majority of its G10 counterparts over the past fortnight, setting the stage for another significant week ahead. The upcoming data calendar is brimming with impactful releases throughout the week, leaving us to wonder whether the Pound will extend its 2023 highs or experience a retracement in what…
Read MoreWill Thursday’s Decision Provide Further Strength for Sterling?
GBP After falling to multi-month lows against the Euro after inflation data, Sterling has started to regain some ground, outperforming most G10 currencies last week. Most of the movement for GBP|EUR & GBP|USD was driven by factors on the other side of the pair rather than Sterling itself. However, this could change next week, depending…
Read MoreIs BoE’s Monetary Policy finally working?
GBP Following the release of UK inflation figures on Wednesday, Sterling dropped against all G10 currencies. Official inflation for June was confirmed at 7.90%, a 3.0% drop compared to market expectations and a 0.80% drop from last month’s figures. These figures are still way above the BoE’s target rate of 2%, however, is the drop…
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