GBP/USD, GBP/JPY: UK CPI in focus after soft prints from NZ, CA
The UK's 1-month OIS suggests ~48% chance of a 25bp cut from the BOE next month, which means today's inflation report is likely a key driver for GBP/USD on monetary policy expectations.
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The UK's 1-month OIS suggests ~48% chance of a 25bp cut from the BOE next month, which means today's inflation report is likely a key driver for GBP/USD on monetary policy expectations.
Incoming UK data today could be the difference between the BOE cutting or holding in June. Add into the mix US producer prices and Powell speech, GBP/USD us a key market for forex traders to watch today.
With traders keen to see who will be the first among the BOE, BOC or RBNZ to cut rates, their attention will be surely on next week's inflation reports for their respective regions.
The UK spring budget is set to be released tomorrow. And if GBP/USD follows its general pattern around this budget, it could be in for a tough few days - starting from today.
Sticky wages growth is one of the few positives for GBP/USD right now, keeping the prospect for rate hikes from the BOE in play.
The next FTSE index review will take effect later in September. Find out which UK stocks are on the move and why it matters.
We had mixed economic data out this morning, with signs that labour market is cooling but wages continue to surge higher, raising the pressure on inflation figures out tomorrow.
Fears of stagflation in the UK are increasing amid supply bottlenecks, energy shortages and cost of living fears. But what exactly is stagflation? And what could it mean for the economy?
Inflation remained higher than hoped in May, weighing on UK stocks and cementing fears that more rate hikes are needed.
The FTSE 100 is stalling this morning after hitting its highest level in over a month.
London is losing its appeal as more companies see better opportunities elsewhere.
A strong UK employment increased the odds of another BOE hike and sent the pound higher against the euro for a seventh day. Can it notch up an eight with today’s inflation report?
A strong UK employment increased the odds of another BOE hike and sent the pound higher against the euro for a seventh day. Can it notch up an eight with today’s inflation report?
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