By Barbara Zigah Ahead of the Bank of England’s rate decision tomorrow, the Pound Sterling is seeing broad gains following today’s release of encouraging trade data. The U.K.’s National Statistics Office reported improvements in the January trade balances between the U.K. and the European Union, as well as the U.K. and non-European Union nations. In [...]
Tag Archives: gbp
U.K. Growth Worse than Expected, Rate Hike In Question
By Barbara Zigah The Pound Sterling had been trending higher this week, with investors anticipating that inflationary pressures would likely coerce the Bank of England’s MPC to take a more hawkish position on rate hikes. Even so, many investors exercised caution, concerned that the release of U.K. GDP data might show that growth of the [...]
Opinions On Rate Hike In BoE Still Mixed, Sterling On The Rise
By Barbara Zigah The Bank of England earlier today released the minutes of its February 9th and 10th Monetary Policy Committee meeting. As tradition warrants, the minutes contained the MPC’s consensual opinion/analysis of the financial markets and the international economies, in general, as well as the U.K. economy, in particular. Thereafter, collectively, the MPC offered [...]
