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We expect the Bank of England (BoE) to keep the Bank Rate unchanged at 4.75% on Thursday 19 December in line with consensus and market pricing. Data has broadly been in line with the BoE’s expectations, warranting a continued signalling of only a gradual approach to monetary policy easing. We expect the reaction in EUR/GBP […]

The post Bank of England Preview – Christmas Pause in Cutting Cycle appeared first on Action Forex.

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06/12/2024

Sunset Market Commentary

Markets In the absence of important eco data and no new market moving political developments (in France or elsewhere), European market enjoyed a brief pauze after recent swings. European traders simply joined the countdown to the US payrolls which, alongside the November CPI data scheduled for next week, were supposed to provide last key input […]
03/06/2024

ECB to Make the First Move

ECB meets on Thursday; a rate cut is expected Market will look for hints of back-to-back rate cuts A dovish rate cut could match expectations and push euro/dollar lower Decision will be announced on Thursday 12:15 GMT, press conference at 12:45 GMT A 25bps rate cut is expected On Thursday, the ECB will hold its […]
29/11/2023

Will Deeper OPEC+ Output Cuts Matter for Oil Prices?

Oil prices slide after OPEC+ alliance delays meeting But recent headlines point to consensus Oil prices could gain, but any recovery may prove limited The meeting was postponed from Sunday to this Thursday OPEC+ delays decision on lack of consensus Oil prices tumbled after OPEC and other major oil producing nations, known as the OPEC+ […]