Posts Tagged ‘MPC’
Sterling 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…
Read MoreHawkish BoE Helps Sterling Recover
GBP The pound has had a good start to October recovering by 1.6% versus the dollar and 2% against the euro. This rally has been fuelled by the recent reactions from central bankers to rising inflation rates with the Bank of England being seen as the first to raise rates. This was further backed up…
Read MoreMarkets Await Fed and BoE
GBP The pound managed to stay flat against the euro but lost half a percent to the dollar in a week which saw strong inflation numbers but poor retail sales. It would seem markets are starting to weigh up the possibility of global stagflation as prices rise but economic output fails to increase. One of…
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