The ‘False Break’ Trading Strategy
When was the last time you entered a trade and it immediately moved against you even though you felt confident the market was going to move in your favor? When…
Read More »British Pound: Labour softness tempers BoE hikes – MUFG
MUFG’s Derek Halpenny highlights growing signs of United Kingdom (UK) labour market weakness, including a sharp HMRC jobs drop and elevated HR1 redundancy notifications, which could influence Bank of England…
Read More »UK mortgage approvals climbs in April, holds above six-month average
The latest money and credit data from the BOE shows that net borrowing of mortgage debt by individuals decreased to £4.4 billion in April. That follows from the £6.8 billion…
Read More »BOE policymaker Breeden says no need to rush in taking next policy step
We do not need to rush We are in a good place to be able to watch what’s happening in the economy There is time to understand the size of…
Read More »Pound Sterling partially recovers after dovish BoE hold triggers losses
The Pound Sterling (GBP) regains ground against its major currency peers on Friday after a sharp fall the previous day, which was driven by the Bank of England’s (BoE) signal…
Read More »What are the main events for today?
In the European session, we don’t have much on the agenda as the only notable economic release will be the UK Retail Sales data. The data is not going to…
Read More »BOE’s Greene: The disinflationary process is still ongoing
Comments from Bank of England rate-setter Megan Greene: Most of the near-term hump in inflation is due to one-off factors We expect inflation to continue to come down to target…
Read More »What are the main events for today?
It’s going to be a boring day on the data front as we just have the UK CPI report on the agenda. The Core CPI Y/Y is expected at 3.6%…
Read More »Pound Sterling Price News and Forecast: GBP/USD gains as investors ignore mild acceleration in BoE dovish bets
The Pound Sterling (GBP) gains against its major peers on Friday, with investors looking for fresh cues about how the Bank of England (BoE) will follow the interest rate cut…
Read More »British Pound (GBP) Latest – BoE Policymaker Warns on Inflation, GBP/USD Analysis
Bank of England policymaker Catherine Mann warned this weekend that the central bank’s battle with inflation continues, underpinning Sterling’s recent uplift.
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