Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.13% 🇬🇧GBP: -0.0...The Bank of England meets on Thursday where it is highly likely the Monetary Policy Committee will keep rates at a 16-year high.
Markets currently price in more than 25-basis points worth of easing in November but September is looking increasingly likely. A dovish statement/presser combined with softer CPI, and more importantly lower services inflation, could see the majority weigh up a possible move in August.Sterling has been one of the better performers against the dollar this year, but the recent FOMC projections compromised its performance. The that had contained previous attempts to breakdown since late May.
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Pound Sterling stays below 1.2700 with focus on UK inflation and BoE outcomeThe Pound Sterling (GBP) continues its losing streak for the third trading day against the US Dollar (USD) on Monday.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Pound Sterling gains on subdued US Dollar and uncertainty over BoE rate cutsThe Pound Sterling (GBP) rises to near 1.2750 against the US Dollar (USD) in Monday’s London trading session.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Pound Sterling steadies above 1.2700 amid delay in BoE rate cut prospectsThe Pound Sterling (GBP) clings to gains above the crucial support of 1.2700 in Thursday’s London session.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Pound Sterling strengthens as hotter-than-expected UK inflation pares back BoE rate cut betsThe Pound Sterling (GBP) rallies to 1.2750 in Wednesday’s European session as the United Kingdom (UK) Office for National Statistics (ONS) has reported a slower-than-expected decline in the Consumer Price Index (CPI) data for April.
Source: FXStreetNews - 🏆 14. / 72 Read more »
BoE's Bailey sets out reserves plans as BoE unwinds bond purchasesBoE's Bailey sets out reserves plans as BoE unwinds bond purchases
Source: Investingcom - 🏆 450. / 53 Read more »
Bearish View on Sterling Contingent upon Softer CPI, Dovish BoEPound sterling's fate hinges on BoE's stance: Dovish tilt may spur GBP/USD sell-off. Inflation, economic data to guide rate cut timeline.
Source: DailyFX - 🏆 305. / 63 Read more »