Sterling, Gilt Yields Rise After BoE Cuts Rates in Tight Vote

Sterling, gilt yields rise after BoE cuts rates in tight vote

Softens below 1.3500 but retains positive technical outlook

The post Softens below 1.3500 but retains positive technical outlook appeared on BitcoinEthereumNews.com. The GBP/USD pair loses momentum near 1.3485 during the early European session on Monday, pressured by renewed US Dollar (USD) demand. The potential downside for a major pair might be limited, as the Bank of England (BoE) guided that monetary policy will remain on a gradual downward path. The BoE’s Monetary Policy Committee decided to cut a q…

Interest Rate Cut Welcomed - Property Notify

In line with expectations, the Bank of England announced on 18th December its decision to cut the base rate to 3.75%. This decision comes after inflation (CPI) dropped to 3.2% in November (from 3.6% in October), slowly edging towards the Bank’s 2.0% target The Monetary Policy Committee voted 5-4 in favour of cutting the rate to 3.75. Why have Interest Rates Been Cut? Inflation has eased more than expectedUK inflation (CPI) slowed to about 3.2 % …

Pound-to-Euro Forecast: GBP Rebounds vs EUR After Hawkish BoE Cut

The Pound to Euro exchange rate (GBP/EUR) rebounded above 1.1430 after the Bank of England delivered a less dovish-than-feared rate cut, with a narrow 5–4 vote signalling caution over further easing.

A massive US CPI miss gets ignored by markets

CAD The Canadian dollar spent Thursday trading in a narrow range against its US counterpart as external factors took centre stage. Indeed, while US CPI certainly caught the attention, the FX implications were ultimately limited. Today brings no major Canadian data releases, and with the week’s major central bank decisions now behind us, the loonie’s direction will hinge on overall market sentiment and commodity trends. As trading activity winds …

Pound Sterling Price News: GBP/USD firm as soft CPI pressures Dollar, BoE stance supports Sterling

GBP/USD surges during Thursday’s North American session as following the release of a benign US inflation report and a “hawkish” rate cut by the Bank of England (BoE). The pair trades at 1.3410 up 0.28% after reaching a daily low of 1.3340. Read More...