BoE & Fed to Dictate Pound Sentiment
POUND STERLING ANALYSIS & TALKING POINTS More certainty around BoE leaves USD factors more interesting by means of Fed guidance (Jerome Powell). U.S. economic data including NFP and ISM to clarify the picture moving forward. Will the rising wedge strike again? Recommended by Warren Venketas Get Your Free GBP Forecast GBP/USD FUNDAMENTAL FORECAST: BEARISH Trade […]
Pound faces mid-Atlantic as markets eye BOE blink :Mike Dolan By Reuters
© Reuters. FILE PHOTO: A general view of the Bank of England (BoE) building, the BoE confirmed to raise interest rates to 1.75%, in London, Britain, August 4, 2022. REUTERS/Maja Smiejkowska By Mike Dolan LONDON (Reuters) -Whatever new year fillip the euro zone economy got from ebbing prices, the UK saw none of it – […]
Pound Sterling Price News and Forecast: GBP/USD climbs towards 1.2390
GBP/USD seesaws during the North American session, around the 1.2360-1.2390 region, around the London Fix, unable to gain a clear direction. Risk appetite increased, which usually favors the Pound Sterling (GBP), but soft UK economic data weighed on the GBP/USD. At the time of writing, the GBP/USD exchanges hands at 1.2391. Read More… GBP/USD is on the back […]
GBP/JPY advances towards 160.00 ahead of United Kingdom Retail Sales data
GBP/JPY is approaching 160.00 as investors are still confused about forward Bank of Japan’s policy stance. Bank of England might discover a meaningful downtrend in inflation from the late spring amid tight monetary policy. Bank of Japan could look for an exit from the expansionary policy as inflation is stably rising. GBP/JPY might display a […]
Is the BoE Right to Be Sceptical on a Digital Pound?
The heated debate about introducing a central bank digital currency (CBDC) in the western world continues with fervor in 2023. Whilst many nations see great potential in digital fiat, several remain hostile or at least indifferent. Despite the UK being touted as being more crypto-friendly since the premiership of Rishi Sunak began, all may not […]
BoE sceptical over digital pound as euro zone backs work on digital euro By Reuters
2/2 © Reuters. FILE PHOTO: A general view shows the Bank of England building, in London, Britain November 3, 2022. REUTERS/Toby Melville 2/2 By Huw Jones LONDON (Reuters) – Bank of England Governor Andrew Bailey questioned the need for a digital pound on Monday just as euro zone finance ministers backed further preparatory work on […]
UK Employment and Inflation Data for December: Some Relief for the BOE?
Last Friday, the UK reported a surprise growth in GDP. That was even a surprise for the normally overly optimistic government analysts, who were expecting the UK to remain in recession for the coming quarters. Of course it was just one month of data, and doesn’t necessarily mean a trend is forming. The outsized growth […]