TAG mark carney

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…

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Trump triggers sell-off with new tariff push

Markets in decline as US prepares $200bn in tariffs against China Equity markets in Europe are trading in the red once again on Wednesday and those in the US are on course to head in the same direction, as trade war fears once again take hold. While this announcement has been expected ever since US…

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GBP rallies on hawkish BoE

Risk aversion remains on trade fears We’re continuing to see risk aversion in the markets on Thursday, as the trade spats between the US and others ramp up. The week started with the US and China announcing tariffs against one another which will come into effect on 6 July, and it will end with the…

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Will the BoE lay the groundwork for August hike?

Was recent data enough to ease concerns about first quarter downturn? The Bank of England meeting on Thursday should be another interesting affair following a week in which two other major central banks – the Federal Reserve and ECB – have announced new tightening measures. No rate hike expected this month Markets still not convinced…

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US Futures Higher on Easing Trade War Fears

Reduced Chinese Tariffs Further List Sentiment in Markets US futures are pointing to another higher open on Tuesday, building on Monday’s strong gains and benefiting from an apparent easing in trade tensions between the world’s two largest economies. The postponement of new tariffs by both the US and China and the revelation that the latter…

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GBP Slips as BoE Delays Hike and Lowers Forecasts

The Bank of England monetary policy announcement and press conference went broadly as expected today, with the central bank holding off on raising rates while maintaining that they will rise gradually over the forecast period. The central bank had previously strongly hinted that base rate would rise today – taking it above 0.5% for the…

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Markets Flat Ahead of BoE Decision

It’s been a relatively flat start to trading on Thursday as we await the latest monetary policy announcement from the Bank of England and the economic projections and press conference that follow. The BoE is due to announce its decision on interest rates shortly and, following an apparent U-turn in recent weeks, policy makers are…

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BoE – Will They or Won’t They?

Is a Rate Hold Nailed On Or Are Markets Positioned For a Shock? The Bank of England meets on Thursday and, despite spending months preparing markets for a rate hike, the central bank is widely expected to leave them on hold at 0.5%. While markets don’t always get fully on board with central bank efforts…

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BoE Strongly Expected to Leave Rates on Hold

The Bank of England’s (BOE) Monetary Policy Committee (MPC) meets Thursday and is expected to keep interest rates unchanged, marking a sharp turnaround from early projections just a few weeks ago.A month ago, short-term interest rates had been pricing in another 25 basis point rate hike with near certainty (90 percent odds). But Governor Mark…

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OANDA Market Insights Podcast

OANDA Senior Market Analyst Craig Erlam and Jazz FM Business Breakfast presenter Jonny Hart look back at the week’s business and market news. This week Carney cagey on rate rise, markets avert Syria jitters and Trump warns OPEC. USD/CAD – Canadian Dollar Drifting Ahead of CPI, Retail Sales GBP Slides as Carney Backtracks on May…

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