MPC believes UK monetary policy is still restrictive
[ad_1] Bank of England (BoE) Chief Economist Huw Pill said on Friday that they need to question whether the recent…
Category: Forex News
Pound Sterling outperforms US Dollar, focus shifts to UK employment, US CPI data
[ad_1] The Pound Sterling trades firmly against the US Dollar around 1.3450 as traders trim bets supporting BoE’s interest-rate cuts…
Peak dissent at the BoE – ING
[ad_1] Yesterday’s 25bp rate cut by the Bank of England had a clear hawkish tinge, ING’s FX analyst Francesco Pesole…
Any decline may not break below 145.8 – UOB Group
[ad_1] Sharp drop in US Dollar (USD) has scope to extend against Japanese Yen (JPY), but any decline may not…
Possible tariffs on Gold imports into the US cause turmoil on the Gold market – Commerzbank
[ad_1] According to a report yesterday in the Financial Times, Gold bars weighing 1 kilogram and 100 ounces were classified as…
Expected to consolidate in a range of 7.1720/7.1900 – UOB Group
[ad_1] US Dollar (USD) is expected to consolidate in a range of 7.1720/7.1900. In the longer run, USD appears to…
Canada Unemployment Rate holds steady at 6.9% in July vs. 7% forecast
[ad_1] The Unemployment Rate in Canada remained unchanged at 6.9% in July, Statistics Canada reported on Friday. This reading came…
Major resistance at 0.6555 is likely out of reach – UOB Group
[ad_1] Bias for Australian Dollar (AUD) is on the upside; lackluster momentum indicates that the major resistance at 0.6555 is…
Likely to edge above 1.170 – UOB Group
[ad_1] Euro (EUR) may retest, and potentially edge above 1.1700; it does not appear to have enough momentum to threaten…
EUR consolidates in 1.16-1.17 range for now – Scotiabank
[ad_1] The Euro (EUR) is trading a little lower overall on the day but is holding a net gain on…