The Bank of England raises Bank Rate to 4.0%. Sterling’s recovery remains intact, but a potential double top on the hourly chart puts support near 1.3450 to the test. Head of Markets at IG Europe The British pound is trading at around…
(Bloomberg) -- A gauge of pound strength rose to its highest level since 2016, supported by resilient UK economic data and expectations for interest-rate hikes. Morgan Stanley Offers $2.3 Billion Debt for Dell Family Deal Democrats Clinch Huge Wins on Inflation Anger, Trump…
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that AUD/USD briefly dipped to 0.6954 before rebounding strongly to 0.7022 as risk appetite improved and the US Dollar softened. They see the intraday move as overdone, expecting a 0.6985–0.7025 range,…
The Pound Sterling (GBP) erases its previous gains against the US Dollar (USD) on Thursday even though the Bank of England (BoE) raised rates to 4%, narrowing the differential with the Federal Reserve (Fed), but solid US data and hawkish comments…
September marked the end of a longue phase of spread tightening. In recent weeks, credit spreads have widened across the euro and dollar markets: Euro investment grade: +25 bp in September, peaking at 100 bp at month-end. Since the start of October,…
The U.S. dollar continues to see a lot of noise, as it initially fell, perhaps in the vein of seeing Congress friendlier to Canada, but at the end of the day, most of what we have seen has been done via…
The rupee could steadily appreciate to 92.5 against the dollar by the end of 2027, according to Robert Subbaraman, Head of Global Macro Research at Nomura, supported by India's strong growth, prudent policies, rising interest rates and the potential benefit of sustained…
The British Pound (GBP) faces pressure in an attempt to extend the rally above 1.3500 against the US Dollar (USD) on Thursday. The British currency comes under pressure ahead of the Bank of England’s (BoE) monetary policy decision at 12:00 GMT. The…
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually,…
The euro's downside against the dollar should be limited into year-end as the European Central Bank looks set to raise interest rates in December and hold a hawkish line on inflation. Eurozone inflation rose to 4.0% in October from 3.8% in September,…
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