CADGBP CAD/GBP
- 0.5775
- -0.0002-0.03%
CAD/GBP News
U.K. Services Inflation Could Come in Above Forecast -- Market Talk
U.K.'s inflation data for April is likely to show that headline inflation is back to the Bank of England target of 2% while services inflation is expected to come in stronger than markets forecast, ING developed markets economist James Smith says in a note.
Bank of England's Rate Decision Hinges on Services Prices -- Market Talk
Continued rapid rises in U.K. services prices would make the Bank of England think twice about cutting interest rates at its next policy meeting in June, ING economist James Smith writes.
BOE's Broadbent Says UK Interest Rates May Be Cut This Summer
Bank of England Deputy Governor Ben Broadbent said UK interest rates may be cut this summer so long as economic data continues to evolve as officials expect.
BOE's Broadbent Sees Possible Rate Cut "Some Time Over The Summer"
The Bank of England could cut its key interest rate over the coming months if wage growth and the rise in services prices show signs of cooling as forecast, Deputy Governor Ben Broadbent said Monday.
Pound Sterling Holds Gains on Improved Market Sentiment, UK Inflation Comes Under Spotlight
The Pound Sterling (GBP) trades close to an almost two-month high around 1.2700 in Monday’s European session. The GBP/USD pair strengthens as the US Dollar (USD) is on the back foot as financial markets remain confident that the Federal Reserve (Fed) will start lowering interest rates from the September meeting.
Investment banks have different opinions on whether or not the Bank of Canada will cut interest rates in June. The market is likely to predict 40%!
Forecasters expect that this week's data will show Canada's CPI decline in April, but financial markets are still uncertain whether the Bank of Canada will cut interest rates in June. The Bank of Montreal said that the Bank of Canada may need to see lower levels of inflation to persuade it to cut interest rates in June. The financial market currently believes that the possibility that the Bank of Canada will cut interest rates in June is about 40%. Meanwhile, some economists insist that interest rates will be cut in June, such as the Royal Bank of Canada.
Canadian Dollar treads water on tepid Friday
The Canadian Dollar (CAD) traded softly on a low-volatility Friday, sticking close to the midrange.
The UK economy grew 0.6% month-on-month in the first quarter to escape the technical recession
On the evening of the 17th, Beijing time, data released by the British government on Friday showed that the British economy rebounded strongly in the first three months of this year, ending what economists call a “technical recession.” The UK Office for National Statistics said that the economy grew 0.6% in the first quarter compared to the previous three months, particularly driven by strong growth in the critical service sector. The UK's GDP growth in the first quarter was higher than economists' forecast of 0.4%, the strongest increase since the economy contracted sharply during the novel coronavirus pandemic in the fourth quarter of 2021. In the third and fourth quarters of last year, the UK experienced two consecutive quarters of moderation
Canadian Inflation Expected to Show Further Cooling in April -- Market Talk
Next week's Canadian inflation report for the April will be the last major data before the central bank's June 5 rate decision and, baring an upside surprise, is likely to reinforce that soft economic conditions and labor market warrant a quarter-point cut, Royal Bank of Canada's Nathan Janzen and Carrie Freestone say.
Sterling Seen Rising If BOE Delays Rate Cuts to August -- Market Talk
Sterling is likely to strengthen against the euro to post-brexit highs if the Bank of England waits until August to start cutting interest-rates, Monex Europe forex analyst Nick Rees says in a note.
Pound Sterling Holds Strength Near 1.2700 Although US Dollar Stabilizes
The Pound Sterling (GBP) turns sideways in Friday’s London session after posting a fresh monthly high at 1.2700 on Thursday. The GBP/USD pair struggles to extend upside as investors shift focus to the United Kingdom Consumer Price Index (CPI) data for April, which will be published on Wednesday.
U.K. Inflation to Settle Below 2% Target, CE Says -- Market Talk
Inflation in the U.K. could soon be "too low", beneath Bank of England forecasts that expect it to rebound after a fall in April, Capital Economics' chief U.K. economist Paul Dales says.
Canadian Inflation Set To Ease Further But BoC May Need More Clarity -- Market Talk
Canadian headline and core inflation measures are expected to have edged lower in April, offering some support for a central bank seeking sustained progress on price pressures.
BOE's Greene Warns Labor Hoarding Could Delay Interest-Rate Cuts
Bank of England policymaker Megan Greene warned that interest-rate cuts may be delayed if British firms excessively hold onto workers after facing post-pandemic staff shortages.
Deutsche Bank Previews April Inflation Data in The UK
After the headline consumer price index (CPI) took another big step down in March, Deutsche Bank said it expected UK inflation to land around the Bank of England's (BoE) 2% target in April, with headline CPI slipping below that in both the United States and the eurozone.
Pound Sterling Ebbs After BoE's Greene Says Policy Could Respond to Softer Labor Market
Pound sterling fell against a stronger US dollar and gave ground to a more resilient euro after a Bank of England policymaker said interest rates would likely be cut if unemployment rises further than expected in the latest forecast.
BoE's Greene: Inflation Persistence Has Waned Since I Joined MPC Last July
Bank of England (BoE) Monetary Policy Committee (MPC) member Megan Greene said on Thursday that the inflation persistence has waned since she joined the MPC last July, per Reuters.
Pound Sterling Capitalizes on Improved Market Mood Due to Firm Fed Rate-cut Bets
The Pound Sterling (GBP) turns sideways after posting a fresh monthly high near 1.2700 against the US Dollar (USD) in Thursday’s London session.
Manufacturing Sales Down 2.1% in March at $69.9 Billion: Statistics Canada
Manufacturing sales fell 2.1 per cent to $69.9 billion in March as sales of petroleum and coal products and motor vehicles fell, Statistics Canada said Wednesday.
Canada Factory Shipments Fall 2.1% in March
Canadian manufacturing was again in decline in March as shipments of petroleum and motor vehicle both fell sharply, pulling factory sales down by the most in five months.