Ongoing GBP challenges into year-end – CIBC

[ad_1] Share: The BoE is likely done raising rates – and the combination of weak activity and a softening labour market will weigh on the GBP in the near-term, economists at CIBC Capital Markets report. The BoE is done but will leave the door ajar Having held rates in September, it appears that

United Kingdom CFTC GBP NC Net Positions fell from previous £-6.7K to £-10K

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Monthly GDP Returns to Growth in August, GBP Lower

[ad_1] UK GDP News and Analysis UK GDP YoY prints in line with estimates of 0.5% Monthly GDP rose to 0.2% in August, up from -0.6% in July Economic headwinds remain in the UK as growth remains limited The analysis in this article makes use of chart patterns and key support and resistance levels. For

GBP to suffer amid cautious BoE – Commerzbank

[ad_1] Share: Scepticism about whether the BoE will ultimately act restrictively enough is likely to continue to weigh on the Pound in the near term, economists at Commerzbank report. EUR/GBP to appreciate in the coming quarters The market is likely to be dominated by concerns that the BoE is acting too slowly and

United Kingdom CFTC GBP NC Net Positions down to £33.7K from previous £46.2K

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BoE Hints at Peak Rates after Vote to Hold, GBP Offered

[ad_1] Bank of England Holds Interest Rates Steady at 5.25% The monetary policy committee narrowly decided to hold (5-4) Disinflation expected to continue but growth forecasts for H2 likely to be weaker BoE hints at a potential peak in interest rates as the bank stated it will be “sufficiently restrictive for sufficiently long” to get

UK CPI Miss Unable to Deter GBP Fragility

[ad_1] POUND STERLING TALKING POINTS UK CPI misses but PPI beat could be troublesome down the line. Little change in BoE forecasts for tomorrow, 25bps hike expected. GBP/USD arrives into oversold territory on RSI. Recommended by Warren Venketas Get Your Free GBP Forecast GBP/USD FUNDAMENTAL BACKDROP The UK CPI release missed on both headline and

United Kingdom CFTC GBP NC Net Positions down to £46.2K from previous £46.4K

[ad_1] Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making