Logo-color Logo-white

At today’s monetary policy meeting the BoE left the Bank Rate unchanged at 5.00% as widely expected. The BoE delivered a hawkish twist to its guidance emphasising their gradual approach to reducing the restrictiveness of monetary policy. We think this supports our base case of the next cut in November and a pause in December. […]

The post Bank of England Review – Gradual Easing Cycle Supports GBP appeared first on Action Forex.

previous

Brent Crude Oil Rebounds Amid Monetary Easing and Market Dynamics

next

GBPJPY Surges Above 188.00 Key Barrier

Read More

15/04/2024

Gold in a Wait-and-See Mode

Gold opens near Friday’s closing price as safe-haven demand stabilizes Bulls wait for a break above 2,430; Bears anticipate a drop below 2,325 It was a harsh weekend, as Iran’s retaliatory missile and drone attack against Israel sparked concerns of global conflict. But Israel successfully blocked the airstrike from a distance a distance, averting another […]
25/05/2024

Weekly Focus – Euro Economy on Track for Mild Recovery

Economic news was to the solid side this week with not least euro area PMIs painting a stronger picture. The main surprise came from manufacturing PMI which increased from 45.7 to 47.4 (consensus 46.1) while the service sector stayed at a decent level of 53.3. The service report highlighted the strength of the labour market […]
19/07/2024

We’re Just Not That Special

After a few wobbles, disinflation has resumed in peer economies. Why should Australia be any different? Recent inflation data overseas has reminded market participants that sticky inflation need not imply stuck inflation. After a few wobbles, disinflation has resumed in the United States, Canada and New Zealand. Expectations of near-term cuts in policy rates have […]