England Bailey News Today

MARKET WRAPS Stocks: European stocks edged higher on Thursday as investors continued to digest the U.S. inflation figures that diminished hopes the Federal Reserve will be cutting interest... -February 15, 2024 at 06:29 am EST - MarketScreener

OPENING CALL Stock futures edged higher on Thursday ahead of retail-sales data for January. The data wont likely resolve the push-pull over when the Federal Reserve will start to cut... -February 15, 2024 at 06:23 am EST - MarketScreener

Pound Sterling Today: BoE Bailey’s Rhetoric Key to GBP Against EUR, USD

Asian currencies lead the FX scoreboard this morning. The Japanese yen surges from a close last Friday at USD/JPY 147.83 to 146.05 currently following comments from Bank of Japan governor Ueda. He told the Yomiuri newspaper that there may be enough information to judge whether wages are rising sustainably. Wage growth is critical in the BoJ’s view of inflation hitting the 2% target in the medium term.

GBP/USD has attempted a recovery after dropping to near 1.2260 in the early European session. The recovery move in Cable is backed by a loss of upside

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