TAG gbp usd

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,…

READ MORE 

Head fake or breakthrough ??

Head fake or breakthrough ?? China trade concerns are back in the spotlight after the USTR leaked headlines flew in the face of the more conciliatory comments earlier yesterday that suggested both parties are going back to the drawing board and preparing to meet. But this morning China promised a like for like response but…

READ MORE 

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…

READ MORE 

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…

READ MORE 

Is BoE Rate Hike in Doubt After Inflation Data?

GBP slides as core inflation falls below BoE target Focus is back on the central banks on Wednesday as we await the second appearance this week of Federal Reserve Chair Jerome Powell and the Bank of England’s interest rate plans are questioned following some softer inflation numbers. The pound is tumbling again on Wednesday after…

READ MORE 

Futures Flat Ahead of Powell Testimony

Trump comments unpopular but markets steady It’s been an interesting start to trading on Tuesday, although markets are so far relatively unmoved with European indices mixed and US futures relatively flat ahead of the open. While US President Donald Trump has come under intense criticism for his comments after his meeting with Vladimir Putin, in…

READ MORE