Trading the News: U.K. Jobless Claims Change Despite forecasts for another 3.0K decline in U.K. Jobless Claims, a further slowdown in Average Weekly Earnings may weigh on the sterling and spark a bearish reaction in GBP/USD as it provides the Bank of England (BoE) with greater scope to retain its current policy throughout 2016. What’s Expected: Why Is This Event Important: Following the unanimous ...
Trading the News: Bank of England (BoE) Interest Rate Decision The Bank of England (BoE) interest rate decision is likely to reveal another 8 to 1 split as the central bank remains in no rush to normalize monetary policy, but the updated forecasts may heighten the appeal of the sterling and fuel a larger recovery in GBP/USD should the central bank highlight a greater risk of overshooting the 2% inflation target over the policy horizon. What’s Expected: ...
The U.K. jobless rate fell to its lowest level since early 2006, while the employment rate hit a record high in the three months ended November, and wage growth remained subdued suggesting more time for the Bank of England to decide on a rate hike. In the three months to November, the ILO unemployment rate was 5.1 percent versus 5.8 percent in the same period the previous year. more...
Trading the News: U.K. Jobless Claims Change A 2.8K rise in U.K. Jobless Claims accompanied with another slowdown in wage growth may generate fresh 2016 lows in GBP/USD as it raises the Bank of England’s (BoE) scope to further delay its normalization cycle. What’s Expected: Why Is This Event Important: The recent comments from BoE Governor Mark Carney suggests that the Monetary Policy Committee ...
U.K. house price inflation accelerated for the third straight month in October to the highest level in seven months, figures from the Office for National Statistics showed Tuesday. more...
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