Tag: Bank of England

Brexit Self Destruction Effects For the UK Economy Continues

Brexit Self Destruction Effects For the UK Economy Continues! As the GBP Pound continues its falling way most of the economic numbers that continue to...

FTSE Climb Echoes Results of Federal Reserve Balance Sheet Expansion

With the Bank of England taking a super-dovish stance towards monetary policy, the immediate reaction outside of the Pound was a noticeable rally in...

GBP/USD Touches 5-Year Lows on Weak Factory Data

GBP/USD plunged on Tuesday, falling to five-year lows on weak UK factory data and rising demand for the dollar in the wake of China’s...

GBP/USD Advances on Falling UK Unemployment

The GBP/USD advanced for a third consecutive day on Wednesday, but gains were seen as limited after government data pointed to sluggish wage growth...

GBP/USD Declines as BOE Leaves Rates Unchanged

The GBP/USD declined more than 100 pips Thursday, as the Bank of England acknowledged renewed downside to inflation while voting to keep interest rates...

GBP/USD: Cable Edges Higher as BOE Keeps Rate at 0.5%

Cable edged higher Thursday, but gains were limited after the Bank of England lowered its third quarter GDP forecast, citing underlying risks in China...

Cable Breaks Out after Better than Expected Inflation

Cable broke out on Tuesday, climbing more than 100 pips after UK inflation unexpectedly turned positive in July, a sign the Bank of England...

GBP/USD: Cable Slumps on Dovish BOE Minutes

Cable declined sharply on Thursday after the minutes of the Bank of England policy meetings suggested no rate increase was imminent, as eight of the...

GBP/USD: Cable Rallies as BOE Unanimous on Holding Interest Rates

The GBP/USD advanced on Wednesday for the first time in three days after the minutes of the July Bank of England policy meetings suggested...

GBP/USD: Cable Spikes as Carney Says Rate Hike Getting Closer

The GBP/USD surged more than 130 pips on Tuesday after Bank of England Governor Mark Carney said the time for an interest rate increase...

Hawkish BOE Extends Rally for GBP/USD

The GBP/USD pushed through 1.5700 on Wednesday, extending its rally to four days after a hawkish Bank of England expressed greater confidence in the...

GBP/USD Gains 1.56

The GBP/USD climbed for a fourth consecutive day on Tuesday, retracing brief intraday losses stemming from mixed inflation data. The GBP/USD was trading near daily...

GBP/USD Rally Stops Short at 1.53

The GBP/USD was reversing early-week gains on Tuesday, falling below the 1.5300 handle despite stronger than expected British trade figures. The GBP/USD tumbled to an...

GBP/USD Strengthens as BOE Maintains Rate

The GBP/USD was mildly supported on Thursday as the Bank of England made no changes to monetary policy, as investors continued to monitor negotiations...

GBP/USD Rebounds amid Unanimous BOE Rate Vote

GBP/USD rallied on Wednesday following sharp losses earlier in the week, as the Bank of England stood firmly against raising interest rates at this...

GBP/USD Plunges as Inflation Turns Negative

The GBP/USD plunged around 200 pips on Tuesday, as UK inflation entered negative territory for the first time on record, supporting expectations for a...

BOE Keeps Monetary Policy Unchanged

The Bank of England held monetary policy steady in April, as policymakers continued to monitor the path of inflation just days after the Conservative...

GBP/USD Pares Gains following Mixed UK Data

The GBP/USD declined on Friday, but was still trading near two-month highs following disappointing manufacturing data. The GBP/USD fell sharply from the 1.5400 region, which...