GBP/JPY - Pound to Yen

The outlook for monetary policies of central banks around the world were one of the main driving factors for the Forex market during the previous week. But while the outlook for Bank of England monetary policy became more hawkish, it was not enough to support the Great Britain pound. Several BoE members made hawkish remarks over the week, leading to speculations that the central bank is going to raise interest rates in the foreseeable future. … Continue reading Hawkish Monetary Policy Outlook Doesn’t Help Sterling

Dallas Fed President Robert Kaplan doubted the recent inflation numbers and said that he will wait and see whether these readings will stick around permanently or not. He also stated that he would patiently wait for the inflation rates to improve before the Fed formulates further rate hikes for this year. The United States API … Continue reading Morning Market Update – BoJ’s Dovish Outlook

The calendar of macroeconomic reports for Great Britain is almost empty this week with one major exception – Thursday. Almost all economic indicators scheduled for this week will be released on that day, thus the nickname “Super Thursday.” Of course, it should be very important for the performance of the Great Britain pound. The Bank of England will announce its monetary policy decision on the Super Thursday. While no changes … Continue reading British Pound Awaits for Super Thursday

Since today morning, the pound seems to be under a lot of stress as it gets hit from all sides and in fact, looks very weak and vulnerable to get hit even more as the hours and days tick by. The reason for the woes of the pound are the rumors surrounding the referendum in … Continue reading Pound Gets Pounded as Rumors Abound