Rate Cut Today
Thursday, November 6th, 2008London: Interest rates cut is expected today. There’s a general concensus that the Bank of England would do this to ease the cost of borrowing in their midday announcement. How far are they willing to go?
Sterling: UK Budget Derails Bounce On Yen - 500+ Pips Slide
Thursday, March 13th, 2008Sterling-Yen, GBP/JPY - one of the most volatile crosses in the forex trading calendar has seen a huge slide from yesterday’s Asian Market high of 207.98 to 202.96. This south-bound train was significantly aided by forex traders’ perception of UK Budget sematics.
Forex: Cable (GBP/USD) Outlook
Friday, August 4th, 2006Cable consolidate gains above the 1.8920 mark making new 11-week highs earlier this morning. The yesterday’s rise of 25bp UK rate is continuing to underpin the pair, as is the risk of a Fed rate pause next Tuesday. Presently, there are speculations on GBP/USD heading towards the yearly high of 1.9026 of May 17th if the July’s US Nonfarm Payroll number fails. On the contrary, above-forecast NFP report could spur pre-weekend profit-taking on long GBP/USD positions. Indicators are still in place for further rise on the hourly chart.
