Is the BOE really about to raise rates? Can it extend its gains? Retail sales stand out now. Inflation is rising in the UK: This hawkishness sent the pound surging despite no change in the voting pattern. The slow pace of wage rises, 2. We start from higher ground this time. The very first low that the pair experienced after the vote was 1. It is followed by 1.
Carney prefers talking up the pound than raising rates. Some of the hot air could come out of this bubble. Follow us on Sticher or iTunes. After taking a short course about forex. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me.
I have a B. Given this background, forex software has a relatively bigger share in the posts. Theresa May began her all-important speech by highlighting the joint efforts of the UK and the EU, but her words Fading the Fed — 4 reasons to doubt the hikes: The US dollar jumped higher across the board as the Fed remains set to raise rates in December.
Fed leaves dot plot unchanged — USD rises sharply: The Fed announced the beginning of Quantitative Tightening: This has been well An excellent retail sales report from the UK: The hawkish meeting minutes from the BOE sent the pound soaring. The pound shot up on quite explicit hints of a rate hike from the BOE. Will they really move in Rightmove provides an early estimate of house prices. The House Price Index fell by 0. It could rise in September. The volume of sales surprised to the upside in the past two months but remains volatile.
After a rise of 0. A small rise of 0. Public Sector Net Borrowing: The government was in a surprising surplus in July: The figure is usually negative, representing a deficit. A return to a deficit is likely now: Expectations of businesses are somewhat volatile, but they are certainly positive. In July, the figure advanced from 10 to 13 points. A repeat of the same score is forecast. Technical lines from top to bottom: The high so far of 1. Is it ready to resume the rally?More...