Sterling Finally Snapped. Speech by BoE Ramsden the Straw that Broke the Camel’s Back.

The easing of Canadian inflation pressures has slowed in recent months. On Tuesday, we expect annual price growth for both the headline and excluding food & energy measures to hold steady at 2.7% and 2.9%, respectively, in July. Shelter inflation still accounts for a disproportionate share of the increase, but that has been slowing with […]

GBPCAD stabilizes near 3-year high, at the top of a bullish channel Technical signals flag weaker sessions ahead; bears eye 1.7700 level GBPCAD is in the fifth week of gains, having exponentially risen to 1.7849 last week– the highest level reached since March 2021. The pair has been on the sidelines this week, retaining marginal […]

Yesterday, Consumer Price Index (CPI) values were published, indicating a slowdown in the rate of inflation in the USA. According to ForexFactory: → CPI month-on-month: actual = -0.1%, forecast = 0.1%, previous month = 0.0%; → CPI year-on-year: actual = 3.0%, forecast = 3.1%, previous month = 3.3%. The data confirming the slowdown in inflation […]