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...
US Dollar Forecast – US Dollar Gains Despite Fed Reticence, Is a Risk Shift Afoot? The big day has come and gone. The Federal Open Market Committee (FOMC) voted 9-1 to keep the range for the benchmark interest rate between 0.00 and 0.25 percent. British Pound Forecast- GBP/USD Risks Larger Post-Fed Advance Amid Narrowing Race With BoE GBP/USD may continue to retrace the decline from the previous month as the Bank of ...
Trading the News: U.K. Consumer Price Index A further slowdown in the U.K. Consumer Price Index (CPI) may generate a near-term pullback in GBP/USD as it puts increased pressure on the Bank of England (BoE) to retain its current policy throughout 2015. What’s Expected: Why Is This Event Important: However, the stickiness in the core rate of inflation may limit the downside risk for ...
Trading the News: Bank of England (BoE) Interest Rate Decision The Bank of England (BoE) interest rate decision may offer little relief to recent decline in GBP/USD as the central bank is widely expected to retain its current policy in July, and the committee may continue to endorse a wait-and-see approach amid the growing threat of a Greek exit. What’s Expected: Why Is This Event Important: ...
Trading the News: U.K. Consumer Price Index An uptick in the headline & core U.K. Consumer Price Index (CPI) may spur fresh monthly highs in GBP/USD as it raises the Bank of England’s (BoE) scope to remove the record-low interest rate sooner rather than later. What’s Expected: Why Is This Event Important: BoE Governor Mark Carney may sound increasingly hawkish over the coming months as the ...
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