GBP/JPY - Pound to Yen

U.K. Consumer Price Index Holds Steady at 2.6% The U.K released its Consumer Price Index data this morning. The Bank of England like the U.S Federal Reserve has made it clear inflation data is a major consideration regarding its monetary policy. Inflation rate YoY remained unchanged at 2.6%, the core inflation rate also unchanged at … Continue reading U.K. Inflation Holds Steady, Eyes on U.S. Retail Sales

The Bank of England’s Monetary Policy Committee met last week and there were some interesting developments. We will try to sieve through the plethora of information and pick what we think were the salient points. First of all, we start with the interest rate decision. The July meeting’s split was 5-3 (5 to keep rates … Continue reading Takeaways from the August Super Thursday, Maybe not So Dovish

This week there will be a lot of data out from China including inflation and trade. According to Reuters, the data of this week should reflect a steady economy – what do you think we can expect? We’ve seen the IMF upwardly revise its economic growth projections off the back of a solid 1st quarter … Continue reading China’s Inflation and Trade Data, RBNZ Next Rate Hike and UK Trade Deficit

While US nonfarm payrolls were arguably the most important economic release for the Forex market during the past trading week, the Bank of England policy meeting held special significance for the Great Britain pound. Traders were rather optimistic ahead of the BoE meeting, leading to a rally for the sterling. Yet the rally came to an abrupt end after the central bank demonstrated dovish stance and revised growth forecasts down. Friday’s nonfarm payrolls were not helping either, … Continue reading Bank of England Makes Pound End Week Extremely Soft