Posts Tagged ‘england’

GBPUSD at its Weakest Level Since 8-Week Before BOE Decision

by Forex Rooton August 7, 2014 9:19 am BST
GBPUSD approached its weakest level in eight weeks before Bank of England officials announce their latest policy decisions following a two-day meeting. U.K. 10-year government bond yields dropped to the lowest in almost a year. The central bank’s Monetary Policy Committee will keep its key interest rate at a record-low 0.5 percent today. Officials have […]

UK Inflation Rises To 1.9% In June

by Forex Rooton July 15, 2014 10:28 am BST
The Consumer Prices Index rose to 1.9%, up from 1.5% in May, according to the Office for National Statistics. The rate of UK inflation rose sharply in June, pushed up by higher clothing and footwear, and food and non-alcoholic drinks prices, official figures show. Rising air fares and furniture prices also pushed the inflation rate […]

Speculative Trade Friday 9.27: GBPAUD

by Christopher Lemieuxon September 27, 2013 6:54 pm BST
This speculative trade is looking to play continued US dollar and Australian dollar weakness and Pound strength. There is key Australian data out Monday, retail sales, and Tuesday, cash rate report. Also, China reports their manufacturing PMI. The latter is likely to be positive for the Aussie dollar, but retail sales and the Reserve Bank […]

Post-BoE Recap and GBPUSD Technical Outlook

by Christopher Lemieuxon August 7, 2013 6:37 pm BST
The Bank of England pulls out a play from the Federal Reserve’s playbook as it will tie rates to the level of unemployment. The monetary policy committee (MPC) has voted to not raise the bank rate higher from .5 percent until unemployment has declined to seven percent (sound’s a bit Bernanke-like). The MPC is willing […]