GBPUSD Slumps As BoE Votes 6-2 To Hold Policy Unchanged
The Bank of England has left interest rates unchanged with only two of its MPC members voting in favour of a hike this month.
UK
GBPUSD Rebounds On Better Than Expected UK Wages And Jobs Data
Over the past week and a half, market participants have been forced to reduce their Bank of England rate hike expectations due to the recent soft patch in UK economic data.
DAX: Stocks Rebound After Big Sell-Off
After yesterday’s big sell-off, European equities have bounced back and US index futures point to a higher open on Wall Street.
GBPUSD Countertrend Play Jun 30, 2017
The ascending channel on Cable’s daily time frame is still intact and price is heading towards the resistance around 1.3400. A countertrend opportunity could arise if reversal candlesticks form around this area.
GBPUSD Drops On Soft UK Earnings Ahead Of US CPI And FOMC
The GBPUSD started the day how it ended yesterday: higher. Speculators were still felling bullish after the stronger UK inflation figures had raised the prospects that the Bank of England may turn hawkish.
The Fantasy World Of The FED
Do you remember the halcyon days when rising interest rates and increasing interest rate differentials were the precursor to a stronger currency?
GBPUSD on shay footing amid political turmoil in a key week
Today’s going to be a quieter session in terms of economic news, ahead of key events later this week. There are however at least three factors that need to be watched closely.
Gold Makes Significant Bullish Breakthrough On Soft Dollar
Thanks to soft US economic data of late, expectations about an aggressive rate hiking cycle by the Fed has diminished.
Gold UK Elections, ECB and Comey Testimony Among Week’s Highlights
It is going to be a big week for the markets this one, especially towards the end of it. Among other things, we will have the UK’s general elections, the ECB’s latest policy decision and former FBI Director James Comey’s testimony all to look forward to on Thursday.
Pound tumbles then bounces as FTSE hits record
What a comedy show this is turning out to be. Last night saw sterling tumble after research by the Times newspaper and YouGov suggested that there could be a hung parliament.