Post Tagged with: "Mark Carney"

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 voting for a hike in November.

GBP/USD extends its slide, getting closer to 1.60.

Read the rest of the article MPC Meeting Minutes vote remains 7:2, worries expressed – GBP/USD extends slide
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

This week in the markets: Euro suffers following poor data and comments from Draghi

This week in the markets: Euro suffers following poor data and comments from Draghi

Last week began rather quietly for the pound, though there was at least a bit more confidence in the currency again following the ‘no’ vote on Scottish independence last week. Volatility picked up as the week went on. It slipped early on Wednesday to a low of 1.6302, after UK public finance data showed a [&hellip

Carney signals rate hike only in the spring – GBP/USD loses gains

Carney signals rate hike only in the spring – GBP/USD loses gains

Carney only temporarily lifted the pound. While he began by saying that rates are set to rise, he followed up with a timing of this hike, and it seems to be further away than earlier perceived. At least Carney is giving us some forward guidance. GBP/USD is back down to 1.6110 after trading above 1.6150 when [&hellip

Carney temporarily pushed the pound higher with hawkish statements ahead of dovish ones

Carney temporarily pushed the pound higher with hawkish statements ahead of dovish ones

GBP/USD is on the rise following the release of BOE governor Mark Carney’s speech. Carney says that the time to begin raising rates is getting closer. However, he repeats the previous stance that rate rises will be slow and gradual. These are hawkish words. However, it’s important to remember that Carney made comments in both directions [&hellip

Forex Weekly Outlook September 8-12

Forex Weekly Outlook September 8-12

The US dollar had another strong week in currency markets, bowing only to the Aussie, as the euro and the pound were hit hard. Can we expect a correction or continuation now? US retail sales and consumer sentiment, Australian employment data and a rate decision in New Zealand are among the major events on our calendar for [&hellip

BOE leaves rates unchanged

BOE leaves rates unchanged

No change from the BOE, as expected. The Bank of England was widely expected to leave the interest rate unchanged at 0.50%, despite two members voting for a rate hike back in August. The Asset Purchase Facility was also expected to remain at 375 billion pounds. GBP/USD remained on low ground towards the publication, trading just above 1.6450. [&hellip

BOE Inflation Report focuses on weak wage growth- GBP/USD extends falls

BOE Inflation Report focuses on weak wage growth- GBP/USD extends falls

The Bank of England sees the margin of spare capacity at 1%. Rates will eventually rise gradually. Wage growth is expected to rise by only 1.25% instead of 2.50%. Unemployment can continue falling without inflationary pressures. There is a wide range of views about the degree of slack. There is no particular wage growth target. The guidance [&hellip

BOE could enhance the view of a rate hike in 2014

BOE could enhance the view of a rate hike in 2014

While the Bank of England is not likely to hint a rate hike this year in an explicit manner, but they could certainly update the projections on slack to enhance the view that this is coming, says Simon Smith of FxPro. In the interview below, Smith also talks about the directions of the Fed and [&hellip

GBP/USD hits fresh 2 month lows ahead of BOE Inflation Report

GBP/USD hits fresh 2 month lows ahead of BOE Inflation Report

It was another strong week for the American Dollar as both local data and global risk sentiment fueled strength in the Greenback. On-going Ukraine concerns as well as news that the United States sent bombers into Iraq turned the appetite for risk sour, sending funds into safe haven currencies like the USD and JPY. Demand [&hellip