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Market Spotlight: GBP Fails To Rally on BOE Rate Hike

BOE Hikes As ExpectedThe Bank of England pressed ahead with its third-rate hike in just four months yesterday. Governor Andrew Bailey announced a .25% hike, well in line with market expectations,...

Market Spotlight: BOE & GBPJPY Opportunities

BOE Up NextThe Bank of England March rates meeting will be the main economic focus today. The bank is widely expected to raise rates by a further .25% in a bid to curtail soaring inflation. However,...

GBP Higher As Unemployment Hit Pre-Pandemic Levels

Unemployment Falls AgainThe British Pound is trading higher today on the back of a solid set of labour market indicators yesterday. The headline unemployment rate was seen falling back to 3.9%, its...

GBP Rallies As UK Inflation Hits Fresh 30 Year Highs

Pound On The RiseGBP has seen better buying across the European morning on Wednesday in response to the latest CPI data out of the UK. The Office for National Statistics released its January inflation...

Market Spotlight: Looking For GBPJPY To Breakout

Let's Try That AgainGBPJPY is back in my sights again this week. I was last looking at it during the block of consolidation which formed ahead of 157.88, looking for a breakout. However, price...

GBP Falls As Omicron Hits January PMIs

UK Data Soft Patch ContinuesGBP traders have been hit by a further round of poor data this week. The latest PMI data sets for January, released yesterday, showed that both the manufacturing and...

Pound Sinks On Record Retail Sales Miss

Worst December Retail Sales On RecordThe British Pound is back under pressure today following a dismal set of retail sales for December. Retail activity was seen falling by 3.7% over the month, well...

BOE Rate Hike In Focus As UK Inflation Hits 30 Year Highs

GBP In Demand As Inflation SoarsThe British Pound is catching a bid again today following news that UK inflation hit its highest level in thirty years last month. The Office for National Statistics...

UK GDP Softened In Q3 Ahead of Omicron

Weaker-Than-Expected GDPWith most of the recent news flow out of the UK focusing on the risks and uncertainty around omicron, the latest set of economic data released today had some disappointing news...