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GBP/USD: Brexit uncertainty means BoE hike highly unlikely

December 20, 2018 11:35 AM
Since last night’s FOMC meeting, we have had two other major central bank rate decisions and some key data as well. But there is one last major central bank policy decision still to come in less than an hour’s time: The Bank of England.

GBP/USD bounces off key support

April 30, 2018 5:50 PM
After a sharp two week sell-off, the GBP/USD has reached and reacted from a key technical support area today.

GBP/USD recovers after initial drop on the back of CPI surprise

December 12, 2017 12:44 PM
Despite news that the UK inflation climbed its highest rate since March 2012, the GBP/USD initially dropped to its lowest level since 28th November, underscoring investors’ scepticism over last week’s Brexit deal, before bouncing back.

GBP/USD paves way towards 1.35 as CPI climbs to 2.9%

September 12, 2017 1:09 PM
Could we see a more hawkish Bank of England on Thursday? Surely the Monetary Policy Committee cannot justify keeping interest rates at the current record low level of 0.25% for too long after CPI inflation accelerated to 2.9% y/y in August, driven by a record rise in clothing and footwear.

GBP/USD remains supported ahead of key UK data and BoE decision

September 11, 2017 5:45 PM
Equity markets rallied back on Monday and safe-haven demand took a downturn as Hurricane Irma abated and North Korea refrained from conducting more missile tests (for the time being). The US dollar found a bit of footing as it rebounded after having dropped to a multi-year low against a basket of other major currencies late last week. Meanwhile, the...