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All eyes on GBP and BoE

All eyes on GBP and BoE

GBP: How long will the GBP continue to outperform? It has been a positive week for GBP, as it reached new highs for the year against USD, EUR, and JPY.
ACY Securities | hace 876
Sterling markets await UK CPI

Sterling markets await UK CPI

Asian and Western equity markets trended lower. China's central bank trimmed prime loan rates. Australia's Reserve Bank revealed a dovish stance. Upcoming UK CPI data and Bank of England's expected rate hike are in focus. No major UK or Eurozone data releases are due. US housing data is eyed ahead of Fed Chair Powell's testimony. The US dollar strengthened, GBP/USD fell.
Moneta Markets | hace 876
Equities ease as China stimulus concerns rise

Equities ease as China stimulus concerns rise

Asian equities fall amid fears of disappointing Chinese stimulus. US and China ministers have a constructive meeting. ECB may raise interest rates again in July due to inflation pressures. US housebuilders' sentiment expected to rise. GBP/USD steady, pound up 2% due to anticipated interest rate hike in the UK.
Moneta Markets | hace 877
ECB Seeds Europe Recession?

ECB Seeds Europe Recession?

There is only one problem here. Well, several really. Germany is already in recession, and several nations are already faltering. Also, is it really appropriate to be raising rates against inflation when consumer and business activity is already slowing due to caution surrounding the war on on the EUs doorstep.
ACY Securities | hace 880
FOMC Skips June, But Signals Hikes Not Done Yet

FOMC Skips June, But Signals Hikes Not Done Yet

FOMC unanimously decided not to raise rates at the current meeting. "Additional policy firming" may still be considered according to the Committee. Median dot for 2023 shifted up by 50 bps, indicating potential tightening by the end of 2023.
ACY Securities | hace 880