BOE Up NextThe Bank of England March rates meeting will be the main economic focus today. The bank is widely expected to raise rates by a further .25% in a bid to curtail soaring inflation. However,...
GBP Higher As Unemployment Hit Pre-Pandemic Levels
Unemployment Falls AgainThe British Pound is trading higher today on the back of a solid set of labour market indicators yesterday. The headline unemployment rate was seen falling back to 3.9%, its...
Market Spotlight: Looking For GBPJPY To Breakout
Let's Try That AgainGBPJPY is back in my sights again this week. I was last looking at it during the block of consolidation which formed ahead of 157.88, looking for a breakout. However, price...
Market Spotlight: Trading Today's BOE Meeting
BOE In FocusThe February Bank of England meeting due today is drawing a great deal of focus, with the market widely expecting the BOE to hike rates by a further .25% to 0.5%. With omicron risks having...
GBP Falls As Omicron Hits January PMIs
UK Data Soft Patch ContinuesGBP traders have been hit by a further round of poor data this week. The latest PMI data sets for January, released yesterday, showed that both the manufacturing and...
Pound Sinks On Record Retail Sales Miss
Worst December Retail Sales On RecordThe British Pound is back under pressure today following a dismal set of retail sales for December. Retail activity was seen falling by 3.7% over the month, well...
BOE Rate Hike In Focus As UK Inflation Hits 30 Year Highs
GBP In Demand As Inflation SoarsThe British Pound is catching a bid again today following news that UK inflation hit its highest level in thirty years last month. The Office for National Statistics...
UK GDP Softened In Q3 Ahead of Omicron
Weaker-Than-Expected GDPWith most of the recent news flow out of the UK focusing on the risks and uncertainty around omicron, the latest set of economic data released today had some disappointing news...
Market Spotlight: GBPNZD Breakout Play
GBPNZD Testing Key LevelGBP has been back in demand following the BOE’s rates move yesterday. While the decision is being somewhat overshadowed by the risks around Omicron in the UK, there is still...
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