TAG: BOE
GBP/USD Forecast: Cable at Key 1.2525 Support after Cool UK CPI
GBP/USD Key Points GBP/USD is the weakest US dollar cross after this morning’s cooler-than-expected...
7 months ago
Market Insights Podcast – US and UK inflation ahead, bitcoin nears $50,000
OANDA Senior Market Analyst Craig Erlam joins Jonny Hart to preview the big events over the next couple of days, and discuss the latest moves in oil and bitcoin. Content is for general information purposes only. It is not investment advice or a solutio...
7 months ago
Week Ahead: Time for stock index "slowpokes" to catch up?
REMINDER: 11 of FXTM’s 18 stock indices have reached their respective record highs so far in 2024. However, upon closer inspection, not all stock indices are created equal. First, there are the outperformers: US500: up 9% year-to-date EU50: +10....
6 months ago
Pound Drops As UK Jobless Level Rises
Unemployment Rate RisesThe latest set of UK labour market readings, released today, was something of a mixed bag. On the one hand, wages were seen holding steady at 5.6%, above the expected 5.5%, with the claimant count coming in at 10.9k vs 17.2k expecte...
6 months ago
EURGBP: Slams into support on hot UK inflation
Pound boosted by sticky CPI data EURGBP drops over 20 pips Eurozone CPI match initial estimates Watch out for BoE Bailey's speech Key levels at 21 and 50-day SMA EURGBP was injected with fresh volatility on Wednesday after UK inflation fell less than expe...
5 months ago
May 6, 2024 Week Ahead: Earnings, BoE Decision & US Data
A plethora of financial releases and economic events is set to take place on the week of May 6, 2024, possibly shedding light on the state of the financial markets and the global economy.Following a volatile year marked by geopolitical tensions, wars, and...
5 months ago
UK100: Dips on sticky inflation data
UK100 ↓ 1% post sticky CPI release Probability of BoE rate cut in August drops to 40% UK jobs data and retail sales in focus UK100 index coils up in a falling wedge pattern Key levels of interest include 8208.4, 8279.0, 8120, and 8083 FXTM’s UK100 decline...
2 months ago
FTSE Rallying As Risk Mood Recovers
Stock Sentiment ImprovesGlobal stock markets are continuing to recover ahead of the weekend as traders breathe a sigh of relief following better-than-forecast US jobless claims yesterday. Weekly claims fell to 233k from 250k prior, below the 241k the mark...
2 months ago
GBPUSD Soars on Better UK Jobs Data
UK Jobless Rate FallsThe British Pound is rallying today on the back of the latest UK economic data this morning. The jobless rate was seen falling back to 4.2% from 4.4% prior, marking a 2 and a half year low, well below the 4.5% the market was looking f...
2 months ago
GBPUSD Holds After Fresh Inflation Rise
Inflation Rises Below ForecastsThe British Pound has come back under fresh selling pressure today as traders react to the latest UK inflation data. Annualised CPI was seen rising 2.2% last month, up from the prior month’s 2% reading but below the 2.3% the...
2 months ago
Pound Jumps On Buoyant July Retail Sales
GBP Rallies on Better DataGBPUSD continues to push higher ahead of the weekend with GBP sentiment bolstered by better UK data. Today, retail sales were seen rising 0.5%, while a touch below the 0.6% the market was looking for, the data still marks a sharp...
2 months ago
Pound Soars on Strong PMI Readings
Better UK Data… AgainThe British Pound continues to storm higher against the Dollar this week. Against a backdrop of elevated Fed easing expectations, further positive UK data is casting uncertainty over how the BOE is likely to proceed near term followin...
1 month ago
Week Ahead: Central banks take centre stage
Will Fed decision push US500 to fresh records? UK100 waits on BoE for next move JP225 could be rocked by BoJ meeting Watch out for other central bank meetings If you thought the last few days were eventful, wait until you see what’s in store for the week...
1 month ago
Will BOE/Fed Divergence Drive GBPUSD Higher?
BOE to Hold Following Unchanged CPIThe British Pound is trading higher today on the back of the latest UK economic data released this morning. Annualised CPI for August was seen holding steady at 2.2%, in line with expectations. The data strengthens the v...
4 weeks ago