TAG: Bank of England
UK100 index teases record high
UK100 index broke above 8k mark today This stock index came to within 150 pips of its all-time high Falling UK house prices fostered bets for UK interest rate cuts “Dovish” Bank of England weakened GBP, cheered UK stocks Could this be the...
6 months ago
Pound stabilizes as shop inflation drops
The British pound is steady on Tuesday after starting the week with losses. In the European session, GBP/USD is trading at 1.2563, up 0.09%. On Monday, the pound fell 0.57% and dropped as low as 1.2539, its lowest level since February 14. UK shop inflatio...
6 months ago
Look ahead: UK retail sales; Australia consumer confidence; API crude oil inventories; Imperial Brands
API crude oil inventories are due. Plus, Imperial Brands releases its latest trading statement. (AI Video Summary) Upcoming market data In today's "Look ahead" Angeline Ong previews financial events for Tuesday, 9 April. She focuses on expected market...
6 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 slips to 4.5-month low, UK GDP ticks higher
The British pound has edged lower on Friday. In the European session, GBP/USD is trading at 1.2594, down 0.47%. The pound is down 1.1% this week and fell to 1.2489 earlier today, its lowest point since November 23. UK economy ekes out a 0.1% gain It wasn’...
6 months ago
GBP/USD eyes UK employment release
The British pound is steady on Monday. In the North American session, GBP/USD is trading at 1.2445, up 0.05%. US retail sales climb 0.7% US consumers continue to shop and spend as March retail sales was stronger than expected. Retail sales rose 0.7% m/m,...
6 months ago
GBP/USD dips after weak employment data
The British pound dropped 0.30% after today’s UK employment report but has recovered most of these losses. In the European session, GBP/USD is trading at 1.2452, up 0.05%. UK job growth slides, unemployment rises The UK employment report was weaker than e...
6 months ago
UK CPI Reshapes BoE Speculation
The GBP/USD forex pair traded near a multi-month low of nearly 1.2400 on Tuesday, April 16, following disappointing unemployment data for the 3-month period from Dec 2023 to Feb 2024. However, losses were contained, supported by higher-than-expected UK wa...
5 months ago
GBP/USD rises as UK inflation higher than expected
The British pound has rebounded after sliding 2.1% over the past week. In the European session, GBP/USD is trading at 1.2461, up 0.28%. UK inflation drops to 3.2% Inflation in the UK continues to decline but the March release was not as strong as expected...
5 months agoGBP/USD eyes retail sales
The British pound is having a quiet week and that trend has continued on Thursday . In the North American session, GBP/USD is trading at 1.2450, down 0.04%. Will UK retail sales improve? The UK release retail sales for March on Friday. The market forecast...
5 months ago
GBP/USD edges higher after flat retail sales
The British pound dipped 0.30% earlier today but has managed to recover the losses. In the European session, GBP/USD is trading at 1.2451, up 0.12%. Retail sales misses estimate The UK release retail sales were flat in March, after a revised 0.1% gain in...
5 months ago
Week ahead: Reserve Bank Australia; Bank of England; BP; Walt Disney; BMW
BMW reports earnings after announcing it will invest $2.76 billion in its Shenyang production base in China. Plus, look out for Walt Disney’s earnings. (AI Video Summary) Notable economic index data Angelie Ong previews significant financial events an...
5 months ago
Bank of England should tailgate the ECB, not the Fed
The Bank of England's policy meeting on Thursday is unlikely to deliver any change in monetary policy — but that doesn't make it unimportant. Policymakers are likely to prepare the ground for a 25 basis-point cut from 5.25 percent at their June 20 meeting...
5 months ago
Traders fret as 32-hour central bank spree hangs over market
Investors begin the week desperate for answers to questions about the near-term path of global monetary policy after conflicting signals from key economies upended markets.Major central banks are set to meet in Tokyo and Washington on Wednesday and London...
2 months ago