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DAY 10 - BoE QUARTERLY INFLATION REPORT

alifari Updated 10 Feb  in #Trader's blog #Boe #Inflation #Quarterly #Report
An important news event is scheduled for tomorrow viz. BoE Quarterly Inflation Report and as a result my focus would be on GBPUSD pair.
In their last inflation report BoE stated that the economy is expanding at a slower pace than expected and price pressures declined from the previous three months. The slower growth was caused by sluggish expansion in global economies and weaker growth forecast.
The slowdown in the housing market and the low commodity prices weighing on CPI inflation as it dropp…
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DAY 21 - BOE MINUTES

alifari Updated 21 Gen  in #Trader's blog #Boe #Minutes
Today, we have seen another evidence of the impact falling oil prices are making, which is urging Central banks and policy makers to shift their stance. The BOE minutes surprised the market revealing that the two hawks on the MPC beat a hasty retreat on the issue of rate hikes with the full committee returning to a 9-0 vote to keep rates steady for the time being. Both Martin Weale and Ian McCafferty reversed their votes in light of sharp drop in the inflation data and slowdown in UK economic ac…
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DAY 7 - GBP moves wait for BoE Interest Rate Decision

alifari Posted 7 Mag  in #Trader's blog #GBP #Boe #Interest Rate
The USD dropped against GBP yesterday as the pair reached its highest level in three years and hit 1.70 level. The catalyst for this 130 pips bullish move was due to stronger than expected U.K. Services PMI which edged higher to 58.7 in April compare to 57.6 in March. The latest upbeat survey points to a buoyant economy (the service sector accounts for +75% of the British economy) confirming the fastest pace so far this year, while jobs growth across the private sector also surged, as evident fr…
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