Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
United Kingdom BoE Interest Rate Decision in line with forecasts (3.75%)
United Kingdom BoE Interest Rate Decision in line with forecasts (3.75%)
British Pound: BoE policy seen on extended hold – Societe Generale
Societe Generale strategists analyzes- the Bank of England’s (BoE) upcoming meeting, expecting Bank Rate to remain at 3.75% with some hawkish dissent. They note easing inflation expectations and a loosening labour market, but also higher energy prices and government income support.
Italy Producer Price Index (MoM): 0% (June) vs -0.2%
Italy Producer Price Index (MoM): 0% (June) vs -0.2%
Italy Producer Price Index (YoY): 5.8% (June) vs previous 7.3%
Italy Producer Price Index (YoY): 5.8% (June) vs previous 7.3%
Bank of England: Market pricing stays hawkish – ING
ING’s Michiel Tukker and Padhraic Garvey expect no change in the Bank of England (BoE) policy rate at the upcoming meeting, despite markets pricing in substantial tightening.
Italy 10-y Bond Auction increased to 4% from previous 3.63%
Italy 10-y Bond Auction increased to 4% from previous 3.63%
Italy 5-y Bond Auction climbed from previous 3.03% to 3.39%
Italy 5-y Bond Auction climbed from previous 3.03% to 3.39%
British Pound: Fiscal concerns may weigh on Sterling – Rabobank
Rabobank Senior FX Strategist Jane Foley discusses GBP/USD following the latest Federal Reserve (Fed) decision and ahead of the Bank of England (BoE) meeting. She expects GBP/USD to trade around 1.32–1.33 over the next one to three months.
South Africa Producer Price Index (MoM) declined to -0.1% in June from previous 2.6%
South Africa Producer Price Index (MoM) declined to -0.1% in June from previous 2.6%
South Africa Producer Price Index (YoY) dipped from previous 7.8%Â to 7.5% in June
South Africa Producer Price Index (YoY) dipped from previous 7.8%Â to 7.5% in June
Belgium Consumer Price Index (YoY) rose from previous 3.4%Â to 3.56% in July
Belgium Consumer Price Index (YoY) rose from previous 3.4%Â to 3.56% in July
Belgium Consumer Price Index (MoM) increased to 0.63% in July from previous 0.3%
Belgium Consumer Price Index (MoM) increased to 0.63% in July from previous 0.3%
Japanese Yen: BoJ tone could lift JPY against US Dollar – Commerzbank
Commerzbank’s Volkmar Baur expects the Bank of Japan to keep its overnight call rate unchanged, as fully priced by markets. The focus is on guidance, with inflation around 2% and leading indicators pointing higher.