Bank Of England

By RoboForex Analytical Department The GBP/USD pair is currently consolidating, hovering around the 1.2631 mark. This consolidation phase follows recent reports highlighting a slowdown in the expansion plans of British businesses for workforce and wage growth, raising concerns about future economic...

By RoboForex Analytical Department As of Friday, the GBP/USD pair hovered around 1.2642, following a substantial decline. The Bank of England (BoE) has yet to find reasons to lower the interest rate, indicating intentions to maintain high rates for an extended period to support the necessary...

The U.K. is teetering on the brink of recession after revised data Friday shows the economy shrank in the third quarter as falling productivity and investment weigh on growth. Figures from the Office for National Statistics show gross domestic product fell by 0.1% in the July-September period, a...

Financial regulators are scrutinizing stablecoins tied to the British pound, citing concerns about their potential impact on the stability of the financial system. Authorities outlined their approach to managing risks associated with these digital assets, which would fall under the oversight of...

Economist Mohamed El-Erian is cautioning key global central banks including the Bank of England, Bank of Japan, European Central Bank and the Federal Reserve, who have momentarily halted major policy actions. In his op-ed in the Financial Times, El-Erian stated...

To gain an edge, this is what you need to know today. Market Mechanics Please click here for a chart of Apple Inc (NASDAQ: AAPL). Note the following: The Morning Capsule is about the big picture, not an individual stock. A chart of AAPL stock is being used to...

Even the most pessimistic analysts are throwing in the towel and conceding that they were wrong. Against that backdrop, top economist Mohamed El-Erian said it may be too early to call for a period of convergence – a period when the economy and financial markets are moving together. Growing Evidence...

Noted economist Mohamed A. El-Erian has sparked a discussion over the Federal Reserve’s accountability and policy formation process. In a recent tweet, El-Erian suggested that the Federal Reserve should follow the Bank of England’s example and conduct a similar external review. What...

By the close of this decade, as many as 15 central bank digital currencies (CBDCs) might be operational worldwide, according to a survey conducted by the Bank for International Settlements (BIS). The Switzerland-based institution, which is under the ownership of 63 central banks accounting...

The Bank of England delivers surprise half-point rate hike to 5%, the highest in 15 years. They say the risks to inflation are “skewed significantly to the upside”. Market Prices as of 4 pm EST, 6/21/23 Macro Jerome Powell will make his way back to Capitol Hill this morning...

To gain an edge, this is what you need to know today. Fear Evaporates Please click here for a chart of SPDR S&P 500 ETF Trust (ARCA: SPY) which represents the benchmark stock market index S&P 500. Note the following: The stock market is driven by the emotions of fear and...

The Bank of England (BoE) is speculated to raise interest rates for the 13th consecutive time on Thursday. The proposed interest rate hike could increase monthly payments for homeowners with tracker and variable rate mortgage deals. The BoE has expressed concern over the rapid wage growth,...

The Bank of England caught markets off guard by enacting an unexpected 50-basis-point hike in its policy interest rate to 5% Thursday, marking the 13th consecutive increase and bringing the cost of borrowing to the highest since 2008. The BoE noted that second-round effects on domestic wages and...

Otavio Costa, a portfolio manager at Crescat Capital, believes the United States is primed to have its own Bank of England moment given that the Federal Reserve may have to end up buying Treasury Bills as a last resort. This is because a deluge of bonds is anticipated to hit the market in the...

Revolut, the UK-based neobank that offers crypto trading as part of its financial app, may have its application for a banking license rejected by the Bank of England, according to a report in The Telegraph. The BOE has told the UK Treasury that it's planning to reject Revolut's application...