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Bank of England to retain the same policy stance Q2 data could be more valuable for next decision making What happened last time In its February policy meeting, the Bank of England (BoE) emulated the Federal Reserve by exploring rate cuts, ultimately deciding to maintain interest rates at 5.25%, their highest level in 16 years, […]

The post BoE Policy Meeting: Don’t Expect Fireworks appeared first on Action Forex.

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11/06/2024

Alarming UK Labour Market Data

Unexpected weakness in the UK labour market could signal an important turnaround in the economy and raise the urgency of monetary easing. The short-term impact on the Pound has been relatively limited, but the currency market has now adopted a wait-and-see approach ahead of Wednesday’s US news. This morning’s batch of data from the UK […]
15/12/2023

After Recent Sharp Decline in Yields, Market Dynamics Might Gradually Change a Bit

Markets The ECB and the Bank of England yesterday as expected left their policy rates unchanged at respectively 4% and 5.25%. Contrary to the Fed they didn’t ratify aggressive rate cut bets yet. In its new staff projections, the ECB downwardly revised its path inflation for this year (5.4% from 5.6%) and next year (2.7% […]
28/08/2024

Sunset Market Commentary

Markets Markets spent most of their time awaiting corporate (Nvidia results after-market) and economic (European inflation numbers from tomorrow on and US PCE deflators on Friday) events today. Core bond yields drifted a few basis points lower in technically irrelevant trading during European trading hours, both in the US and Europe. They then fully recovered […]