The UK’s FTSE 100 made slight gains on Monday, driven by increased crude prices lifting energy stocks, although investors’ wariness ahead of domestic inflation data and key central bank decisions tempered the rise. Energy shares (FTNMX601010) advanced by 0.8%, in sync with the rise in crude prices, fueled by the perception of tightening supply, consequently […]
Participants in the commodity market will closely examine the Federal Reserve’s policy guidance in the upcoming week. Investors are on edge as the Federal Open Market Committee (FOMC) and the Bank of England (BoE) prepare for their upcoming meetings. The fluctuating risk sentiments stem from the latest US economic data and China’s plans to boost […]
The British pound soared to its loftiest position against the U.S. dollar in 10 weeks on Tuesday, fueled by Bank of England (BoE) Governor Andrew Bailey’s assurance that the central bank stands firm on its interest rate policy. Addressing a parliamentary committee, Bailey affirmed that inflation is set to retrace its steps to the BoE’s […]
The recent surge seen with the pound against the US dollar may be short-lived as divergent economic challenges unfold. Over the past week, the pound experienced a sharp ascent against the US dollar, propelled by market optimism surrounding the belief that US interest rates may remain stagnant or even decrease in the first half of […]
In a move signaling confidence in the UK economy, the Bank of England (BoE) has decided to increase the Bank Rate by 0.5% to 5%, marking the highest level seen in the past decade and a half. The decision was made by a majority vote of 7-2 by the Monetary Policy Committee (MPC), with Swati […]
The British pound (GBP) is expected to conclude the week under significant pressure against the US dollar (USD) after weak economic statistics on Friday stoked concerns about a possible national economic recession. Base rates reached peaks not seen since 2008 (3.5%) on Thursday as a result of the Bank of England’s (BoE) 0.5% percentage point […]
After falling the previous night on lower-than-expected inflation statistics, the dollar (USD) was trading around its worst levels in months against the euro (EUR) and the pound (GBP) on Wednesday. This reinforced speculation that the US Fed will announce a slower rate hike path. The US apex bank is largely expected to raise interest rates […]
The British pound (GBP) dropped against the US dollar (USD) and the euro (EUR) on Thursday after the Royal Institution of Chartered Surveyors reported that Britain had the largest house price declines since the beginning of the COVID-19 pandemic in November. According to the survey, sales and demand from consumers both declined as a result […]
The early burst of investor excitement over the potential loosening of COVID restrictions in China has dissipated, and the pound (GBP) fell on Monday even though sterling was still within striking distance of five-month highs versus the dollar (USD). After China prepared to announce yet another batch of steps to loosen limits on activity, which […]
