British economic data were disappointing, but the Sterling rose against USD due to the weaker Dollar. After the slower-than-expected manufacturing Purchasing Managers Index last week, slower industrial and manufacturing productions also confirmed the slower pace of economic growth. Industrial Production fell by -0.2% in February, while the market was expecting a 0.2% rose. Unlike the […]
A week after the BoE meeting, while banking concerns are cooling down, BoE’s Baily emphasized the need to control inflation—a day ahead of his testimony before parliament on issues related to the collapse of Silicon Valley Bank. In a speech at the London School of Economics on Monday, Baily focused on the inflation fight, as […]
Recent fears will affect the policymakers’ decisions, but they can not end the hawkish cycle at this level. While financial markets are worried about the spread of bankruptcies to more banks, FOMC, SNB, PBoC, and BoE will have monetary policy meetings and interest rate decisions. Besides bank meetings, we have more data to watch and […]
According to data published Tuesday, March 7, UK Halifax House Prices Rose by 1.1% in February, 3-Year Treasury Gilt Auction raised to 4.151%, and Mortgage Rate in February increased to 7.02%. In addition, Retail Sales and Construction PMI beat Estimates. While UK headline inflation cooled and dropped to 10.1% year-on-year in January from 10.5% in […]
Strong Labor market and decreasing inflation Recently published data from the UK were mixed. Last week’s GDP was disappointing, and this week’s labor market data and inflation numbers were encouraging. GDP data released last Friday showed that the British economy is slowing down. UK GDP contracted by 0.5% in December, while the market expected only […]
2023 started with many surprise data from different economies, Chinese reopening, decreasing inflating across the globe, and upward revisions by the World Bank to better economic growth expectations. This article will review the most known symbols and watch what we expect in February. US DOLLAR The US dollar started the year with a 2% gain […]
US inflation is in focus! After slowing inflation in Europe and mixed economic data from the United States, US inflation will be the key market driver in the week ahead. However, the United Kingdom will also have a busy week with much data to watch, but in other parts of the world, we will have […]
BoE is due to raise the rates for the ninth consecutive meeting later today. The consensus estimate is another 50 bps hike. However, it is expected to see more disagreements between MPC members, which would be the leading market driver, as the market already priced in the 50 basis points rate hike. BoE also has […]
GBPUSD is supposed to have a volatile week, as central banks in the US and UK will have a monetary policy meeting. The week started with upbeat data in the UK. GDP raised 0.5% monthly and 1.5% annually, higher than estimates and the previous month. Industrial production in October was unchanged and less than 0.1% […]
Cable raised sharply last week, but mostly because of the weaker dollar. GBP/USD passed the 1.164 resistance and closed at 1.1843 on Friday. Political uncertainty caused by the US mid-term elections and guesses about the Republican victory, caused the dollar to retreat sharply, while unexpectedly low US inflation data increased the chance of less hawkish […]
A quiet week to think Last week ended with a positive sentiment after that US inflation decreased and a significant turn was seen in China’s anti-Corona policies. The US dollar fell under the 107 mark, and now in the week ahead, while we do not have much important economic data, with the G20 meeting ahead, […]
Positive sentiments in the stock markets, eyes on inflation and labor markets. Geopolitical tensions and inflation fears across the globe will likely keep the high volatility over the remainder of 2022. Even if they were a bit softer and more cautious in recent meetings, central banks continue to set measures to control inflation, which can […]
British New Chancellor of the Exchequer was the main reason that government could make a U-turn in some of its economic plans, scraping some of the most controversial parts of the mini-budget. The budget that is being talked about including major tax cuts, would primarily benefit the highest earners in a time of heightened economic […]
A busy week out of the US The week ahead mostly will be about the European countries. Inflation in Eurozone, UK, and Canada, with GDP and trade data from China, will be the main market drivers, while in the US, still, everything is about inflation. At the same time, we must follow the Earnings reports […]
In the past few weeks, there were many talks about Mrs. Truss’ economic plans, and finally, we saw some U-turn after pressures and criticisms from economists. The government in 10 downing street finally reversed the tax cuts that would primarily benefit the highest earners, as economic pressures increase on British households. If the BOE continues […]
The month that we should wait for the Fed meeting at the beginning of next month! After the peak and decline in September, it sounds that financial markets in October also will be affected by the USD movements. Looking at the US dollar chart can give us an overall outlook on global economic conditions. On […]
Wednesday and in continuing the efforts of the past few weeks, the UK prime minister tried to explain her strategy and policies in a clear speech to the Conservative Party’s annual conference. according to many economists, her earlier published plan was questioning the independence of the central bank; therefore she backed off from some of […]
While British economic data were disappointing today, GBPUSD regained some of its losses against the USD, but it was thanks to a weaker USD and not strengthening the pound. Great Britain started a new history last week, with two significant changes. First, they had a new Prime Minister, and the country saw a new monarch […]
