EUR/GBP Could Reach Near .9000
Due to the inequality of the cuts, GBP should move lower at a faster pace than the Euro.
Carney
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Week Ahead: Coronavirus, FOMC, BOE, and Brexit
On the opening next week, the focus will likely continue to be the Coronavirus.
Sterling Lower on Economic Data
For today’s most important data releases, the outcome was even worse than expected.
Business rebound helps pound hold ground
A growth surprise is helping sterling shrug off increasingly ferocious parliamentary battles
GBP/USD Bursts Higher on Brexit Breakthrough, BOE on Tap
Sterling bulls were dealt a big Halloween treat around today’s European close, when UK Brexit Secretary Dominic Raab noted that he expects an agreement on Brexit to be finalized on November 21.
GBP in focus as Carney hints at possible BoE rate hike
Another day in Europe is coming to an end, and those who like volatility were not left disappointed with the euro and pound making sharp moves as speculators responded to fresh rumours and comments from central bank officials.
GBP/USD slide a likely precursor to further breakdown
Sterling dropped sharply on Tuesday after Bank of England Governor Mark Carney suggested in a speech that a BoE rate hike would probably not be coming anytime soon. These comments contradicted last week’s hints by the central bank that rising inflation pressures in the UK might prompt some near-future policy tightening. In his speech, Carney cited concerns about the future impact of Brexit on the UK economy. The BoE Governor gave indications that there was no rush to raise rates, just as formal Brexit negotiations have officially begun this week with UK Prime Minister Theresa May in a much-weakened negotiating position.
EUR/GBP could drop as UK inflation accelerates; French election looming
Earlier, data from the ONS showed consumer price inflation in the UK rose to its strongest level in nearly three-and-a-half years to 2.3%. The pound’s reaction was swift. The GBP/USD jumped to 1.2470 while the EUR/GBP slumped to 0.8655. The GBP has since eased back a little but remain near the day’s highs, which suggest more gains are likely.
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