August Boe News Today

Pound Sterling Outlook Today: Interest Rate Expectations Dominate GBP vs EUR, USD | Currency News UK

British Pound faced broad selloff today, continuing its decline in response to comments made last Friday by BoE Deputy Governor Dave Ramsden. Ramsden expressed he is now much less worried about inflation, and expects upcoming data to show significant slowdown in April. More importantly, he emphasized that UK inflation trends are likely to realign more closely with Eurozone rather than with the US.

Britain’s private sector is growing at its fastest pace in nine months, a closely watched survey shows, prompting economists to predict that recession is “already over”.

The focus this week is on Wednesday’s UK CPI release (06.00 GMT). With the next Bank of England meeting scheduled in two weeks, this report will probably determine the size of the expected rate hike. In the meantime, the pound continues to outperform the euro but a potential downside surprise on Wednesday could really clip its wings.

The Office for National Statistics is scheduled to publish the United Kingdom’s jobs data this Tuesday, which is expected to show a decline in the cou

MOULTRIE, Ga. – The Colquitt County School District is making progress with the planning stages of a new Colquitt County High School Canning Plant and an agriculture facility.

GBP/USD stays bid this morning post-inflation. The pound has been supported by strong UK economic data this week as PMI’s come into focus on Friday.

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