Logo-color Logo-white

At today’s monetary policy meeting the BoE cut the Bank Rate by 25bp to 4.75%, as was widely expected. In line with our view, 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 […]

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

previous

Sunset Market Commentary

next

Cliff Notes: An Event-Filled Week

Read More

30/09/2024

Australian Dollar Reaches 19-Month High Boosted by Chinese Economic Stimulus and Weaker US Dollar

The AUD/USD pair climbed to 0.6922 on Monday, marking its highest point since February 2023. This surge was primarily triggered by China’s announcement of economic stimulus measures, which is significant given China’s status as Australia’s largest trading partner. Such support for the Chinese economy will likely increase demand for commodities and bolster major currencies tied […]
19/04/2024

A Lack of Shock and Awe

The United States is an outlier among advanced economies, so how much signal should policymakers elsewhere take from recent upside surprises on US inflation? Less than some people seem to think. Perhaps the issue didn’t strike them as pertinent to a conversation with an Australian. Still, I could not help noticing that none of the […]
31/10/2024

Canada’s Economy Flatlined in August, With a Pickup Expected in September

Canadian economic growth stalled in August after modest GDP growth in July. This print landed in line of Statistics Canada’s advanced guidance and consensus expectations. Early estimates from Statistics Canada point to decent growth in September (0.3% m/m). August’s reading was broad-based, with output expanding in 12 of 20 industries. A 0.1% m/m gain in […]