Could BoE and ECB Rate Decisions Surprise?

Euro and pound were generally range bound in early European trade as the currency market awaited rate decisions from both the BoE and the ECB due 12:00 and 12:45 GMT respectively. With economic calendar essentially barren trading was likely to remain choppy as EUR/USD tried to hold on to the 1.2800 level while cable consolidated [...]

BoE Cuts But Pound Rallies

As expected the BoE cut the overnight lending rate by 50 basis points to 1.00% – the lowest UK rate in the 300 year history of the central bank. BoE cited the risk of a substantial undershoot in the country’s inflation rate and noted that the series of rate cuts will eventually have a significant [...]

Main Focus on BoE and ECB Rate Decisions

Yesterday was a choppy day in FX Market. EUR/USD fell sharply following weak PMI data and poor retail sales. Eastern European names were large sellers as the Rouble approached the bottom of the trading band. Later, the pressure intensified as Fitch downgraded Russia to BBB and kept them on negative watch. Sovereign bids kept the [...]

British Pound Forecast ahead of BoE Rate Decision (Daily FX via Yahoo! Finance)

This Thursday, the Monetary Policy Committee of the Bank of England is expected to cut rates by 50 bps to 1 percent. This will bring the overnight rate to the lowest level in the bank?s more than 300 years of history which could make the British pound very vulnerable going forward. Read more….

Impact of ECB and BoE Rate Decisions on EUR/GBP

Over the next 24 hours, the Bank of England and the European Central Bank will be making interest rate announcements. The Bank of England is the only central bank expected to cut interest rates, but that does not mean that the Euro stay stationary. In fact, we expect some big action in both currencies, which [...]

British Pound Forecast ahead of BoE Rate Decision (Daily FX)

This Thursday, the Monetary Policy Committee of the Bank of England is expected to cut rates by 50 bps to 1 percent. This will bring the overnight rate to the lowest level in the bank’s more than 300 years of history which could make the British pound very vulnerable going forward. Read more….

GBPJPY analysis – British Pound Dominates Against the Majors on Massive Retracement – Can This Continue?

The British pound was the strongest of all the majors not only on Friday, but during the entire week, as the currency trades in a highly speculative manner. Indeed, over the past 5 days, the British pound has rallied 8.6 percent against the New Zealand dollar and roughly 6.3 percent against the euro and Japanese [...]

British Pound Outlook Hinges on BOE Rate Decision, Policy Statement (Daily FX via Yahoo! Finance)

The British pound was the strongest of all the majors last week, as the currency trades in a highly speculative manner and attempts to recoup the massive losses accumulated between October 2008 and January 2009. Read more….