Tag - bank of england

The Federal Reserve decided unanimously to maintain interest rates at 5.25-5.50%, a highly anticipated move that retains significant implications for monetary policy's future course. Despite this decision, the FOMC refrained from definitively ruling out potential future rate hikes, leaving room for policy adjustments.

According to EY, profit warnings among UK-listed companies have reached levels last seen during the financial crisis, excluding the pandemic. More than one in six firms issued profit warnings in the past year due to rising borrowing costs and tightened consumer spending, impacting their margins. Insolvencies in June were 27% higher than the previous year and above pre-pandemic levels, with consumer industries like retail and hospitality being hit the hardest.

A lot of exciting events are happening this week, including nonfarm payrolls, BOE and RBA rate hikes, and earnings season.

This week, the majors will be affected by the interest rate decision by the Federal Reserve, NFP, the BOE Meeting, and more events.

The major central banks will walk different paths in 2022. Some will respond to the threat of inflation, while others will continue to focus on boosting economic growth and recovering from the pandemic.

The Federal Reserve announced tapering of its monthly bond purchases…

The performance of the British pound against other majors has grabbed a lot of attention during the last couple of weeks.

The Bank of England has announced an important decision which sent GBP/USD up by over 1000 points.

How will the Federal Reserve, the Bank of England, the Bank of Japan, and the Swiss central bank move the market? Watch the weekly video to find out and get trade ideas for Forex pairs, oil, gold, and S&P 500!…

GBP/USD is moving inside the ascending channel. Since it’s in the lower part of this channel, the pair should reverse up and continue moving in zig-zag.

GBP/USD is currently trading within a new selling zone on both short and medium-term, which stands between 1.3915 and 1.3990 which represents its 50% and 61.8%

The Bank of England held a meeting yesterday. The statement was more dovish than expected: there were no policy changes and no new hints about future rate hikes. After that, GBP/USD dropped to 1.3900.