December Boe News Today

The Bank of England holds its first gathering for 2024 on Thursday at 12:00 GMT, a day after the respective Fed meeting. The same setup in December 2023 proved favourable for the pound as during the December 13-15 sessions it managed to record a quick 2.5% rally against the dollar. The main reason was the divergent rhetoric of the two central banks, with the market getting excited by the comments such as “the decision to hike or to hold was again finely balanced” appearing in the December Bo...

Markets are pricing three rate cuts in 2024 and we doubt the Bank will be too happy about that.

Sterling has enjoyed November. Economists at ING analyze GBP outlook ahead of the Bank of England (BOE) meeting.

Pound Sterling: UK Labour Market Not Tight Enough for Another BoE Hike

Highlights for next week include key central bank rate decisions and minutes from the Fed and ECB, as well as flash PMI figures

USD: Scope for another 1.3% QoQ Employment Cost Index? The dollar broke to a new cyclical high yesterday. Dollar strength is clearly being driven by a hawkish Fed and the dramatic bearish flattening in the US yield curve – a classic mid-cycle sign of the Fed preparing to apply the brakes in a period of ...

AUD/USD at the Extremes, Fading EUR/GBP Rallies Remains Appropriate

GBP Forecast: Omicron Adds Uncertainty to BoE Rate Rise

Cable is clawing back most of Tuesday’s spike sell-off but the technical outlook for the pair remains weak.

Traders and analysts had been confident of a 15 basis point rate hike to 0.25% with pressure on the bank to get a grip on soaring inflation, which hit a decade high in October.