M6BMAIN Micro GBP/USD Futures(SEP4)
- 1.2669
- -0.0009-0.07%
Micro GBP/USD Futures(SEP4) News
BoE: The First Rate Cut Is Drawing Nearer – ING
The Bank of England (BoE) kept rates on hold, but comments in the statement and minutes suggest officials are getting closer to cutting interest rates despite some recent unwelcome services inflation figures.
BoE: September Rate Cut Becomes an If, Not When – Rabobank
The Bank of England (BoE) left the policy rate at 5.25%, as expected by almost everyone in the market. Upcoming elections still weigh heavy on the market sentiment, Stefan Koopman, Senior Macro Strategist at Rabobank, notes.
BoE Review: August Rate Cut in Play – Danske Bank
Bank of England (BoE) left the Bank Rate unchanged at 5.25% as widely expected, but delivering a slight dovish twist, Danske Bank’s Analyst Kirstine Kundby-Nielsen notes.
BoE to Deliver 50bps in Rate Cuts in Total for 2024 – TDS
Bank of England meeting didn’t surprise the market and was unphased by this week's stronger than anticipated service inflation data, Pooja Kumra, Senior European & UK Rates Strategist at TDS, notes.
Bank of England Holds Off on Rate Cut Despite Easing Inflation -- 2nd Update
The Bank of England left its key interest rate at a 16-year high Thursday, but signaled it may follow a growing number of its European peers by lowering borrowing costs over the coming months.
Traders Bet on August Rate Cut as BOE Shows Willingness to Ease
Traders are betting the Bank of England will cut interest rates in August after policymakers signaled they are willing to start easing monetary policy.
British pound falls! The Bank of England kept interest rates unchanged in June, but sent out a signal to cut interest rates!
Traders have raised the probability of an interest rate cut in August to 50% and have nearly digested two 25 basis point interest rate cuts this year.
Bank of England sends signal of impending interest rate cut, traders expected to take action in August.
After policymakers in the United Kingdom's central bank hinted at easing monetary policy, traders bet that the central bank would cut interest rates in August. The currency market currently believes that the likelihood of the central bank cutting interest rates by 25 basis points at the next meeting is over 50%, up from only 32% before Thursday's decision. Traders have also raised their expectations for the magnitude of easing this year, nearly digesting two rounds of 25 basis points interest rate cuts. Earlier, the Bank of England kept interest rates unchanged at 5.25%, but said it was a difficult decision not to cut interest rates for some of the nine members of the monetary policy committee. One day earlier, data showed that UK inflation was at its highest level in almost three years.
Bank of England keeps interest rates unchanged for the seventh consecutive time, implying readiness to cut rates in the future.
The Bank of England hinted that more policymakers may be getting closer to supporting a rate cut, which means there is still hope for policy relaxation before the end of the summer. The Bank of England on Thursday kept its benchmark interest rate unchanged at a 16-year high of 5.25%. However, the minutes of the meeting showed that not cutting interest rates was a difficult decision for some of the nine MPC members. The committee voted 7-2 for the second consecutive time to maintain the interest rate, with Swati Dhingra and Deputy Governor Dave Ramsden voting again to cut rates. However, recent data has shown unexpected service sector inflation.
Pound Sterling Forms Thin Red Line Before Chieftains of Threadneedle Street
The Pound Sterling (GBP) trades over a quarter of a percent lower on Thursday in the 1.2670s against the US Dollar (USD), after the Bank of England (BoE) policy meeting, a key event for GBP pairs.
BoE Set to Leave Interest Rates Unchanged Could Deliver Cautious Message on Inflation
The Bank of England is expected to keep its policy rate unchanged.
With the upcoming election and high inflation in services, the Bank of England may delay its interest rate cut.
Zhixin Finance learned from the APP that the Bank of England will make a monetary policy decision on Thursday. Three weeks ago, British Prime Minister Rishi Sunak's move to call for a general election almost ruled out the possibility of central bank decision-makers announcing interest rate cuts this time. At this interest rate meeting, the Bank of England may acknowledge the decisions they have made. The UK inflation data released on Wednesday only further demonstrated the possibility of continuing to observe the direction of price pressure in the next few weeks. Although UK inflation in May slowed for the first time in nearly three years to the Bank of England's target of 2%, services inflation is still almost three times that level. Investors and analysts expect that the UK's analyst
UK Inflation in Line With Expectations but Services Still Too Hot – ING
The latest UK services inflation numbers are a bit disappointing for the Bank of England (BoE), and the latest figure is 0.4ppt above what it had forecast back in the May monetary policy report, ING’ FX Strategist Francesco Pesole suggests.
British pound makes a strong comeback: 3 major market signals hidden behind inflation data and the next move of the Bank of England.
Amidst the complex background of global economy, every fluctuation in the UK's inflation data has become the focus of the market's attention. The latest inflation report not only provides investors with a window into the UK's economic conditions, but also adds new uncertainty to the future trend of the British pound.
U.K. Inflation Data Could Boost Case For August Rate Cut But Future Outlook Unclear -- Market Talk
0859 GMT - U.K. annual headline inflation for May decelerated to 2%, a move that could solidify the case for an interest-rate cut by the Bank of England in August, XTB research director Kathleen Brook
Bets of an August BOE Rate Cut Dashed by High Services Inflation
Traders pared bets that the Bank of England will ease monetary policy in the coming months after data showed services sector inflation remained higher than expected in May.
U.K. Services Inflation Tops BOE Expectations, But August Cut Still in Play -- Market Talk
Despite falling headline U.K. inflation, it's services inflation that matters for the Bank of England and in May it came in higher than expected for the second-straight month, ING economist James Smith says in a note.
Inflation Returns to Bank of England's Target for the First Time in Nearly Three Years
Inflation in the U.K. returned to the Bank of England's target for the first time in nearly three years, data that underscores the central bank will soon join other peers in beginning to reduce interest rates.
Forex Today: Pound Sterling Edges Higher After UK Inflation Data, US Markets Closed
Pound Sterling clings to small gains early Wednesday as investors assess May inflation data ahead of the Bank of England's (BoE) monetary policy announcements on Thursday.
UK's CPI fell to 2% in May for the first time in three years, and service inflation exceeds expectations, shattering hopes for interest rate cuts.
Zhitong Finance app learned that the UK inflation rate has fallen to the Bank of England's target of 2% for the first time in nearly three years. However, for Prime Minister Sunak's political fate to improve before the upcoming election, this milestone event may be too late. The UK National Statistics Bureau said on Wednesday that the consumer price index (CPI) for May fell slightly from 2.3% last month. Although this should keep the central bank on the path of interest rate cuts later this year, inflation in the service sector remains high, which may cause policymakers to remain cautious when taking action. Although, these data will allow Sunak to announce the victory over the cruel life.