Bank of England

GBPUSD spikes after BOE holds, Fed cuts rates

Thu, 19 Sep 2024 13:04:03 +0000

GBPUSD spikes after BOE holds, Fed cuts rates han.tan@FXTM CY CA Thu, 09/19/2024 - 16:04

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“Cable” briefly breached 1.330 after the Bank of England kept its rate unchanged at 5%. Moving forward, GBPUSD’s performance will be majorly influenced by the BOE’s policy outlook relative to the Fed, and is forecasted to trade between 1.2721 - 1.3776 through end-2024.

Target Thursday: UK100 reaches targets after BOE meeting

Thu, 20 Jun 2024 12:32:29 +0000

Target Thursday: UK100 reaches targets after BOE meeting han.tan@FXTM CY CA Thu, 06/20/2024 - 15:32

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We revisit our latest “Trade of the Week” article, published last Monday (June 17th), which highlighted the just-concluded Bank of England policy meeting. As a result, the UK100 stock index completed a 1,000-pip move, as forecasted.

Trade of the Week: UK100 index set for 1,000 pip move?

Mon, 17 Jun 2024 08:44:01 +0000

Trade of the Week: UK100 index set for 1,000 pip move? han.tan@FXTM CY CA Mon, 06/17/2024 - 11:44

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Find out which macroeconomic events could make this week the 2nd most-volatile period for the UK100 stock index so far this year.

Week Ahead: Time for stock index "slowpokes" to catch up?

Fri, 12 Apr 2024 08:24:35 +0000

Week Ahead: Time for stock index "slowpokes" to catch up? han.tan@FXTM CY CA Fri, 04/12/2024 - 11:24

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Much has been made about how 11 of FXTM’s 18 stock indices have recently reached their respective record highs, with many posting double-digit gains so far in 2024.. For the coming week, we cast our eyes on some indices that have climbed by "merely" 2-4% so far this year.

UK100 index teases record high

Tue, 02 Apr 2024 09:26:32 +0000

UK100 index teases record high han.tan@FXTM CY CA Tue, 04/02/2024 - 12:26

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Today, this stock index got to within 0.2% / 150 pips of its all-time high set back in February 2023. Find out why the UK100 stock index has been surging, and how much higher it could go.

Trade of the Week: GBPUSD in for an early-Christmas cracker?

Mon, 18 Dec 2023 11:26:32 +0000

Trade of the Week: GBPUSD in for an early-Christmas cracker? han.tan@FXTM CY CA Mon, 12/18/2023 - 13:26

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"Cable" is forecasted to trade between 1.2528 and 1.2788 this week. Find out which US and UK macroeconomic data releases could move this FX pair in this penultimate trading week of 2023.

Will BOE help Sterling break out of downtrend?

Thu, 02 Nov 2023 08:25:54 +0000

Bank of England unlikely to change benchmark rate today
"Hawkish hold" could keep Sterling supported, though still stuck in downtrend
GBPUSD bulls must first conquer 21-day SMA resistance
1.2130 region offering support since late-September
GBPUSD likeliest to trade within 1.2025 - 1.2304 range over one week

The Bank of England is expected to keep rates at 5.25% today.

BOE rate pause supports UK100_m

Thu, 21 Sep 2023 12:15:51 +0000

UK100_m is the sole gainer among major peers
BOE rate pause weakens GBP, lifts UK100_m
UK100_m has inverse relationship with British Pound
75% of revenues for FTSE 100 companies come from outside the UK
UK100_m upside may be capped by near-80% chance for one final BOE hike by March 2024

The UK100_m is in the green after the Bank of England chose not to raise UK interest rates today.

GBPUSD drops after poor UK PMIs

Wed, 23 Aug 2023 08:54:12 +0000

GBPUSD drops after poor UK PMIs han.tan@FXTM CY CA Wed, 08/23/2023 - 11:54

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The Pound is the worst-performing G10 currency against the US dollar today, as the UK economy struggles in light of the Bank of England's aggressive rate hikes.

UK100_m soars on easing UK inflation

Wed, 19 Jul 2023 09:29:25 +0000

UK100_m soars on easing UK inflation han.tan@FXTM CY CA Wed, 07/19/2023 - 12:29

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FIND OUT MORE: how lower-than-expected UK inflation is affecting GBPUSD, the inverse relationship between the Pound and the FTSE 100, as well as potential targets for UK100_m bulls.