Post Tagged with: "Mark Carney"

GBP/USD < 1.48

Pound/dollar continues falling and the critical level of 1.48 is now breached. While the break is not confirmed (low only at 1.4790 at the time of writing) these are the lowest levels since 2010, below the lows of 2013.

The fresh move lower is related to a fresh wave of USD strength, but the larger move comes from the north of England.

Read the rest of the article GBP/USD < 1.48
GBP/USD beginning to feel the dollar pressure – nears 1.50

GBP/USD beginning to feel the dollar pressure – nears 1.50

The British pound has been one of the more resilient currencies in the current dollar storm, with cable keeping away from 1.50, and with the pound setting new records against the euro as well as other currencies on a daily basis. But now, the most recent wave combined with weak UK manufacturing data, GBP/USD is getting closer to the [&hellip

GDP/USD Forecast Mar. 9-13

GDP/USD Forecast Mar. 9-13

The British pound was hard hit last week, as GBP/USD lost close to 400 points. The pair closed the week slightly above the symbolic 1.50 level. There are 12 events this week. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. Last week’s pound collapse was more [&hellip

All eyes on Janet Yellen’s testimony

All eyes on Janet Yellen’s testimony

Today’s focus will be with Fed Chair Yellen’s testimony to the Senate Banking Committee in Washington. This happens every six months and is a key element of the Fed’s accountability to the US Administration. The dollar will be looking closely for further clarification of when the Fed may start tightening rates, having moved their forward [&hellip

Carney not worried about inflation, exchange rate – GBP/USD shoots 100 pips up

Carney not worried about inflation, exchange rate – GBP/USD shoots 100 pips up

The inflation report is apparently pound positive. GBP/USD jumped from 1.5235 to nearly 1.53, but if beginning to slide back. Update: the pair enjoys a second wind of gains, crossing 1.5320. This is already turning into a gain of over 100 pips. Mark Carney and his colleagues seem bullish on the UK economy and see [&hellip

Forex Weekly Outlook February 9-13

Forex Weekly Outlook February 9-13

The greenback was on the back foot throughout most of the first week of February, before staging a partial comeback. We now have Australian employment data, the BOE Inflation Report, US retail sales, consumer sentiment as the major market movers for this week. Here is an outlook on the highlights coming our way. After some underwhelming figures [&hellip

Forex Weekly Outlook Dec.15-19

Forex Weekly Outlook Dec.15-19

The US dollar retraced some of the previous gains but managed to retrace the retracement as well. Japan’s Lower House Elections, UK inflation and employment data and the most important event: the last Fed decision for the year are the main highlights for this week. Follow along as we explore the Forex market movers. The US consumer [&hellip

Forex Weekly Outlook November 10-14

Forex Weekly Outlook November 10-14

The US dollar continued raging across the board, reaching multi-year highs against many currencies. Are we set for another correction like in October or can we expect another advance of the greenback. The UK inflation report, retail sales and consumer confidence in the US and German GDP figures are the major market movers for this week. Here [&hellip

MPC Meeting Minutes vote remains 7:2, worries expressed – GBP/USD extends slide

MPC Meeting Minutes vote remains 7:2, worries expressed – GBP/USD extends slide

As expected, the UK MPC continued voting 7:2 against a rate hike, with the same two dissenters. The majority see the euro-area as a risk to the UK recovery. They are concerned by weak wage growth If this is the sentiment before the recent weak data, it is unclear if we will still have two members [&hellip

BOE leaves rates unchanged – GBP/USD stays high

BOE leaves rates unchanged – GBP/USD stays high

No surprises from the UK, not yet. The BOE left the interest rates unchanged at the rock bottom level of 0.50% seen since 2009. GBP/USD is ticking lower, but from high levels in the initial response. Update: cable is not falling fast. The real show is the release of the meeting minutes. The Monetary Policy [&hellip