Tag: Sterling
Market Update – May 11 – BOE & Sterling In Focus Following US CPI
The USDIndex tanked to 101.00 following the cooler CPI reading yesterday and remains pressured as yields also tick lower following gains yesterday. US Stocks closed...
Market Update – April 19 – USD Holds gains , UK CPI very hot
The USD rotated (USDIndex at 101.50) as Bonds lead with Yields higher too. Expectations for a 25 bp May Fed rate hike continued to...
BoE: In A Pretty Protracted Recession?
The BoE is facing a very difficult situation, and while the recession may not be quite as bad as feared initially, it will likely...
A Decisive FOMC Today Could Be Bad For BoE Tomorrow
Like the ECB, the BoE seems increasingly spooked by the risk of second round effects, against the background of a labor market that is...
GBP: A Case of “Sell the Fact”
BoE flags possible review of guidance with next set of forecasts. The BoE did the expected and hiked the Bank Rate by another 25...
Sterling remains pressured even as GDP bounces
GBPUSD, H1
UK GDP revised sharply higher in the final reading. The quarterly growth rate was boosted to 5.5% from 4.8% previously, which left the...
