Trading the News: U.K. Jobless Claims Change Even though U.K. Jobless Claims are projected to increase 4.0K in June, another pickup in household earnings may generate a bullish reaction in GBP/USD as it highlights an improved outlook for growth and inflation. What’s Expected: Why Is This Event Important: Signs of stronger wage growth may prompt the Bank of England (BoE) to retain its current ...
Trading the News: U.K. Consumer Price Index (CPI) GBP/USD may stage a larger recovery over the next 24-hours of trading as market participants forecast the headline & core U.K. Consumer Price Index (CPI) to uptick in July. Indeed, signs of stronger inflation may undermine expectations for a material shift in the monetary policy outlook amid the rift within the Bank of England (BoE). What’s Expected: Why Is ...
Trading the News: Bank of England Interest Rate Decision According to a Bloomberg News survey 30 of the 54 economists polled forecast the Bank of England (BoE) to reduce the benchmark interest rate to a fresh record-low, and GBP/USD stands at risk of facing additional headwinds over the near to medium-term should the central bank revert back to its easing cycle. What’s Expected: Why Is This Event Important: ...
GBP/USD M5: 1,639 pips price movement by Brexit Referendum Results Expectation "The U.K. is poised to leave the European Union after a historic referendum, vote tallies showed early Friday, setting the stage for an unprecedented and messy untangling with far-reaching implications." "As of 6:05 a.m. local time Friday (1:05 a.m. ET), NBC's British partner ITV News put "Leave" at 51.8 percent with "Remain" garnering 48.2 percent, with ...
In a vote to leave, GBP would come under significant pressure, while risk currencies (CHF and JPY) benefit. Potential policy responses limit the degree of strength. We expect the effects on EUR/USD to be relatively muted.The payout for Bonds is asymmetric. In a vote to remain, yields would rise but not significantly, and mostly in the Euro-area core. Upon “Leave”, the path of least resistance is for yields to drop substantially, especially in the ...
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