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Tag: gbp usd

Will we get fireworks from BoE and ECB?

What to expect from a not-so-super Thursday Thursday has the potential to be another interesting day in the markets, with interest rate decisions due from both the Bank of England and the European Central Bank. It’s not often that we hear from two major central banks on the same day, let alone around the same […]

Sterling Pauses on Reports of Leadership Challenge

China using Russia to get at the US as trade tensions rise US futures are trading relatively unchanged ahead of the open on Wednesday, taking the lead from Europe where markets have been quite calm early in the day. It’s been an uneventful day in financial markets so far, with only low level data being […]

GBP/USD – Breaks 1.30 on bullish Barnier comments

Has cable bottomed or more volatility to come? The pound is rallying on Monday and for the second time in a couple of weeks, it’s the EU chief Brexit negotiator – Michel Barnier – that’s responsible. Sterling has become very sensitive to positive Brexit news over the last couple of weeks, having spiked on a […]

Japan Q2 GDP Grow Faster Than Expected as UK GDP Meets Expectations

Earlier today, the Japanese statistics office released the preliminary numbers for the second quarter GDP. The numbers showed that the economy rose by an annualized rate of 1.9% in the second quarter. This was higher than the expected 1.4% annualized rate and the Q1 contraction of 0.9%. The growth in the GDP in the quarter […]

GBP Dives on Dovish BoE Hike

Profit taking seen as MPC doesn’t combine hike with hawkish rhetoric Sterling tumbled on Thursday after the Bank of England raised interest rates by 0.25% to a post-financial crisis high. The hike, which was initially planned for May prior to the first quarter slowdown, has not come without it criticism due to the mixed data, […]

BoE Super Thursday to live up to its name

Surely they won’t bottle it again, right? Super Thursday promises to live up to its name one way or another this week, as the Bank of England either raises interest rates to post-financial crisis highs or risks causing unnecessary and significant market volatility. Rate hike priced in but not guaranteed Possible scenarios on Thursday Key […]

GBP/USD – Pares gains ahead of BoE

The sell-off in GBPUSD (cable) has been losing momentum for a couple of months now, with the pair having stalled around 1.30 despite one attempt to break below a couple of weeks ago, something that now looks like a false breakout. The move has coincided with a general improvement in sentiment towards the greenback, with […]

Live FX Market Analysis – 24 July 2018

In this week’s FX webinar, Senior Market Analyst Craig Erlam discusses the latest events that are moving financial markets – Trump attacks the Fed, Brexit plans widely criticized etc – and previews the week ahead. Craig also gives his live analysis on EURUSD (9:22), GBPUSD (11:48), EURGBP (18:45), AUDUSD (19:34), USDCAD (21:04), GBPCAD (22:14), NZDUSD […]

OANDA Market Insights podcast (episode 24)

OANDA Senior Market Analyst Craig Erlam reviews the week’s business and market news with Jazz FM Business Breakfast presenter Jonny Hart. This week’s big stories: Trump attacks Fed over rate rise, UK inflation figures hit sterling, Barnier dismisses Brexit white paper , Google fined record sum. USD Weaker After Trump Interest Rate Comments Canada: Inflation […]

BoE hike still priced in despite worrying UK data

GBP bounces back after data driven selling European markets are trading in the red early in the session on Thursday, with the FTSE 100 the only major index in the green, supported by weakness in the pound after the release of some more disappointing data for the UK. The UK retail sales data this morning […]