Pound Sterling turns back-and-forth as focus shifts to GDP data – by Sagar_Dua24 GBPUSD BOE Inflation GDP SEO
. The Cable fails to return above into the Rising Channel chart pattern formed on the daily chart. This could push the asset into a bearish trajectory for a longer period. The asset struggles to sustain above the 50-day Exponential Moving Average .The Bank of England decides monetary policy for the United Kingdom. Its primary goal is to achieve ‘price stability’, or a steady inflation rate of 2%. Its tool for achieving this is via the adjustment of base lending rates.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Pound Sterling corrects as higher interest rates slow hiring and bites housing sectorThe Pound Sterling (GBP) sold off after failing to test the crucial resistance of 1.2800 as higher interest rates by the Bank of England (BoE) started
Weiterlesen »
EUR/GBP drops sharply despite BoE’s tight policy impacts labor marketThe EUR/GBP pair weakens after the upside momentum fades. The cross declines towards the round-level support of 0.8600 as the Bank of England (BoE) le
Weiterlesen »
BoE’s Pill: Latest data points to more persistent inflationBank of England (BoE) Chief Economist Huw Pill expects inflation to return to the target during the first half of 2025 and fall to 5% by the end of the current year. He also predicts real wage growth during the second half of 2023.
Weiterlesen »
UK food price inflation to fall to 10% in late 2023, BoE's Pill saysBank of England (BoE) Chief Economist Huw Pill stated that British food price inflation is expected to decrease to around 10% later this year, but further decline is necessary for overall consumer price inflation (CPI) to reach its 2% target. Food and drink price inflation has been higher than other items since Russia's invasion of Ukraine, reaching its highest level since 1977 in March. It is anticipated to decrease to around 10% by the end of this year and continue to decline next year.
Weiterlesen »
A lost 140-pound baby walrus is getting 'round-the-clock' cuddles in rare rescue attemptA baby walrus was found alone in Alaska with little hope for survival. Now, in a rare and 'exceptional' rescue attempt, he's being raised with 24/7 cuddles.
Weiterlesen »