Factors impacting major currencies explained: Part 3, the British pound
Bank of England The Bank of England (BoE) is operationally independent with respect to establishing monetary policy, with the aim of attaining price stability together with supporting the government goals regarding More...
The British pound hammered by UK inflation slowdown exceeding economists’ forecasts
UK inflation slowdown last month surpassed estimates, leaving room for the Bank of England to keep interest rates at record lows for some more time. The slowdown in UK inflation exceeded economists’ forecasts More...
The British pound ticks up on renewed speculations on a rate hike
Bank of England’s Governor, Mark Carney, fueled bets on GBP strength by stating that the British economy is “much more than halfway” to full recovery. The pound commenced this week with a slight bounce against More...
Dovish BoE report puts the fragile correction of the pound to an end
The inflation report released on Wednesday showed central bankers expectations of subdued wage growth in the coming months; inflation forecasts were also slightly lowered. The release of the Bank of England inflation More...
The British pound trading sideways with a bearish bias
The cable is gradually drifting lower amid expectations for an interest rate hike shifting for next year. Yesterday the pound was trading sideways making attempts on a recovery from the losses it had endured recently, More...
Bank of England holds rates steady at a record low
Bank of England kept interest rates at a record low which gave more time for recovery to the British economy. Bank of England kept interest rates at a record low on Thursday. That is positive for Britain’s economy, More...
