Author: FX
Prior was +3.0%This is surprisingly soft but there were some problems collecting the data and this will be met with skepticism. This article was written by Adam Button at investinglive.com. Source link
The British Pound (GBP) strengthens against the Japanese Yen (JPY) on Thursday in the initial reaction to the Bank of England’s (BoE) monetary policy announcement. At the time of writing, GBP/JPY trades around 208.40, edging modestly higher after finding support near an intraday low of 207.87.As widely expected, the BoE cut its policy rate by 25 basis points to 3.75%, though the decision was not unanimous. The vote split 5–4, with four policymakers preferring to keep rates unchanged at 4.00%, underscoring lingering divisions within the Monetary Policy Committee.In its Monetary Policy Summary, the BoE said the extent of further easing…
Well, at long last we are starting to perhaps see some improvements in French business sentiment. Confidence in this space has been languishing for well over a year already but is this an early sign of things to come? The composite business confidence estimate picks up in December, recording a reading of 98.7 – its highest since June 2024. The jump there is largely helped by a marked improvement in manufacturing confidence (102 vs 98 previously) while services confidence remained steady (98 vs 98 previously).This now at least sees French business confidence move closer back towards the long-term average of…
The Horizontal Grid Lines MT4 Indicator addresses this problem by providing clear, customizable horizontal lines across your chart. These lines act as visual guides, helping traders quickly spot price levels that matter. With this tool, navigating charts becomes easier, reducing errors and improving decision-making. How the Indicator Works The Horizontal Grid Lines MT4 Indicator automatically draws horizontal lines at fixed intervals across your chart. These lines can be adjusted to match your preferred price spacing, allowing traders to focus on significant levels. By providing a clear visual reference, it simplifies chart reading, even for beginners. Instead of relying solely on…
GBP/USD consolidates above mid-1.3300s as traders await BoE and US CPI reportThe GBP/USD pair struggles to capitalize on the overnight bounce from the 1.3310 area, or a one-week low, and oscillates in a narrow band during the Asian session on Thursday. Spot prices currently trade around the 1.3370 region, down less than 0.10% for the day, as traders opt to wait on the sidelines ahead of the key central bank event risk and US consumer inflation data.The Bank of England (BoE) is scheduled to announce its policy decision later today and is widely expected to lower interest rates by 25 basis points…
Woodside Energy Group (WDS) announced that its CEO and Managing Director, Meg O’Neill, has resigned to accept the position of Chief Executive Officer at bp p.l.c (BP). In response to the departure, the Woodside Board has appointed Liz Westcott as Acting Source link
Spot gold is chillin’ like a villain just below the $4,400 psychological mark, right around where the yellow metal hit record highs. Will gold revisit those highs in the next few trading sessions? Or will the bears step in and defend the resistance zone for another day? Gold (XAU/USD) 4-hour Chart by TradingView In case you missed it, geopolitical uncertainty and jitters ahead of this week’s central bank decisions and top-tier U.S. data pushed traders toward safe-haven assets like gold. The U.S. dollar is also seeing some of those safe-haven flows, but U.S. tensions with Venezuela and expectations for Fed…
China Vanke begins second meeting with holders of 2 billion yuan bond Source link
Markets are starting to price in another BOJ rate hike this week after Governor Ueda’s recent comments turned more hawkish. Inflation data hasn’t gotten in the way, and policymakers are clearly keeping a close eye on wild yen moves. Here’s what else you should look out for in this top-tier event: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link
U.K. consumer price inflation fell sharply to 3.2% y/y in November, well below the 3.5% market consensus and marking the lowest reading since March 2025. The larger-than-expected decline was driven by falling food prices and weaker alcohol and tobacco costs, with lower clothing prices adding to the disinflationary trend as Black Friday discounting intensified across retail sectors. The soft print essentially removed any remaining uncertainty about a Bank of England (BOE) rate cut at Thursday’s policy meeting, with markets now pricing near 100% odds of a 25-basis-point reduction to 3.75%. Key Takeaways Headline CPI dropped to 3.2% in November from…