Category: BOE
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UK pay growth accelerates as real wages climb, fuelling BOE concerns
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The payment growth in Britain increased at the end of last year, as it provided news of the employees, but put a new dilemma for the England Bank. The newly released data from the National Statistical Office (ONS) show that total wages increased by 6 % on an annual basis…
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Resurging UK Inflation Will Keep BOE Cautious on Cutting Rates
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Breadcrumb Trail Links PMN Business UK inflation probably hit its highest level in 10 months in January, continuing a resurgence in price pressures that has made the Bank of England wary over rushing into interest-rate cuts. Author of the article: Bloomberg News Tom Rees and Craig Stirling Published Feb 15,…
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BOE Embraces Caution After Year That Failed to Deliver on Rates
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Breadcrumb links BMN Business The Bank of England entered the year with investors anticipating six interest rate cuts, a surprise easing that promised to breathe life into the UK economy. It will end in 2024 with borrowing costs remaining a full percentage point higher than expected 12 months ago. Article…
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Capital Daily sees further GBP decline amid BoE policy stance By Investing.com
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The British pound on Thursday saw a significant decline, which Capital Daily analysts attribute to a combination of factors including the Bank of England’s (BoE) dovish monetary policy outlook, the currency’s high valuation, and extended speculative positions. The pound’s more than 1% drop against both the US dollar and the…
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Sterling feeds on peculiarly high BoE ‘terminal rate’: Mike Dolan By Reuters
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By Mike Dolan LONDON (Reuters) – Tight monetary policy combined with an austerity fiscal agenda usually leads to a stronger currency, and the pound is rallying in anticipation of that. But it’s not at all clear why the UK government or the Bank of England wants the pound to appreciate…
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Goldman Sachs: BOE rate outlook post-September meeting
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Goldman Sachs expects the Bank of England to cut interest rates by 25 basis points at its November meeting, following the recent decision to keep the bank rate on hold. Key points: Details of the Bank of England decision: The Monetary Policy Committee voted 8-1 The bank interest rate will…
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Goldman Sachs: BOE rate outlook post-September meeting
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Goldman Sachs expects the Bank of England to cut interest rates by 25 basis points at its November meeting, following the recent decision to keep the bank rate on hold. Key points: Details of the Bank of England decision: The Monetary Policy Committee voted 8-1 The bank interest rate will…
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BOE Kept Rates at 5.00% and Emphasized Its ”Gradual” Approach to Easing
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Bank of England members voted 8-1 to keep the bank’s official cash rate at 5.00% in September. Swati Dhingra, a member known for her dovishness, voted for another 25 basis point rate cut after a similar cut in August. The vote was much less “balanced” than the 5-4 rate cut…
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Dollar bounces after Fed-inspired losses; sterling gains ahead of BoE By Investing.com
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The U.S. dollar rose slightly on Thursday, recovering from its lowest level in more than a year after the Federal Reserve announced a large interest rate cut, while sterling rose ahead of the Bank of England’s latest policy meeting. At 04:25 ET (08:25 GMT), the dollar index, which tracks the…
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Week Ahead in FX (September 16 – 20): FOMC, BOE, And BOJ Decisions Plus Top-tier Consumer Data On Tap
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After months of speculation, the Federal Reserve may finally cut interest rates for the first time in years this week. But that’s not the only thing shaking the markets! Traders are also set for two more big central bank decisions and other top-tier data releases that could send major currencies…
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Newsquawk Week Ahead: FOMC, BoJ, BoE, US & UK Retail Sales, UK, Canada & Japan CPI
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Sat: China Activity Data (Aug) Mon: N/A Tue: EZ/German ZEW (Sep), US Retail Sales (Aug), Canadian CPI (Aug), US Industrial Production & Manufacturing Output (Aug), Business Inventories (Jul), NAHB Housing Index (Sep) Wed: FOMC & BCB Policy Announcements; Japanese Trade Balance (Aug), UK CPI (Aug), Swedish Unemployment (Aug), South African…
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Reuters Poll: BOE to cut bank rate by 25 basis points one more time this year
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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BOE Announced “Finely Balanced Cut” of 0.25% in a 5-4 MPC Vote
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It was a close call for the Bank of England, with policymakers voting 5-4 to cut interest rates by 0.25% from 5.25% to 5.00% at their August meeting. In their monetary policy statement, Bank of England officials said that weak wage growth and slower service sector inflation were expected to…
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Dollar steadies after Fed-inspired losses; sterling weak ahead of BOE By Investing.com
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The U.S. dollar edged higher in early European trade on Thursday, recovering from heavy losses in the previous session after the Federal Reserve opened the door to a September interest rate cut, while sterling fell ahead of the Bank of England’s latest policy meeting. At 05:45 ET (09:45 GMT), the…
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GBPUSD Technical Analysis – A look at the chart ahead of the BoE decision
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Basic Overview The US dollar has been steadily rising against most major currencies over the past two weeks, although the catalyst behind the move has been unclear. A good argument has been that most of the moves we have seen have been driven by debt relief as a result of…
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What is priced in for the BOE meeting later this week?
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The decision is likely to be well balanced, with the bank expected to vote 6-3 or 5-4 in favor of a rate cut. But what are traders currently expecting from the decision? The OIS market is showing a ~61% probability of pricing in a rate cut of around 55 basis…
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Newsquawk Week Ahead: Highlights include FOMC, BoJ, NFP, BoE, ISM Mfg. PMI and OPEC+ JMMC
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Mon: Chinese Industrial Profit (Jun) Tue: Japanese Unemployment Rate (Jun), Australian Building Approvals (Jun), Spanish Flash CPI (Jul), Swiss KoF (Jul), German GDP (Q2), Prelim. CPI (Jul), EZ Consumer Confidence Final (Jul), US JOLTS (Jun) Wed: FOMC Announcement, BoJ Announcement and Outlook Report, BCB Announcement; Chinese NBS PMI (Jul), Australian…
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First to hike, last to cut? BoE caution cossets pound: Mike Dolan By Reuters
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By Mike Dolan LONDON (Reuters) – Is it the first country to raise interest rates, the first to hit its inflation target and the last to cut rates? It may be unwise to read too much into the volatile and marginal bets on interest rates in financial markets, but for…
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Dollar gains on hawkish Fed; sterling weakens after BOE meeting By Investing.com
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Investing.com – The US dollar rose to new highs on Friday as the Federal Reserve appeared more hawkish than its European peers, while the British pound continued to decline. At 05:00 EDT (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up…