British Pound (GBP) Analysis and Charts A mildly hawkish BoE helps underpin GBP/USD Cable pushes back above 1.2200 For all market-moving economic data and events, see the DailyFX Calendar Recommended by Nick Cawley Get Your Free GBP Forecast The Bank of England (BoE) left the Bank Rate unchanged today at 5.25%, for the second meeting
EUR/USD Forecast – Prices, Charts, and Analysis ECB leaves rates unchanged as expected. EUR/USD heading towards 1.0500. Recommended by Nick Cawley How to Trade EUR/USD The ECB left all three of its key interest rates unchanged today and noted that while inflation is expected to ‘stay too high for too long’, inflation dropped markedly in
Share: Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to leave the key interest rates unchanged in October and responds to questions from the press. ECB press conference key quotes “The economy is likely to remain weak for the rest of the year.” “The economy should strengthen over
Share: The Bank of Canada (BoC) announced on Wednesday that it left the benchmark interest rate unchanged at 5% following the October policy meeting. This decision came in line with the market expectation. BoC Governor Tiff Macklem will explain the policy decisions and comment on the policy outlook in a press conference starting
US PCE DATA KEY POINTS: August U.S. consumer spending advances 0.4% versus 0.4% expected. CorePCE, the Fed’s favorite inflation measure, climbs 0.1% month-on-month and 3.9% from a year earlier, in line with expectations down from a revised 4.3% YoY in July. Short-Term US interest-rate futures little changed after the inflation data, traders continue to bet
Major US stock indices are mixed now with the Dow Industrial Average note negative, and the S&P index trading above and below unchanged. The NASDAQ index is holding onto a 0.25% gain. A snapshot of the market currently shows: Dow industrial average -74.68 points or -0.22% at 33995.75 S&P index -0.13 points or unchanged at
The decision was expected by markets: From RBC’s response, analysts at the bank note that while headline CPI has slowed, the BoC’s preferred core measure remains persistently above the 2% target. Inflation is likely to gain in the near term: Wage growth is still high oil prices higher in recent weeks RBS note that rates