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  • BoE set for another rate hike, but divisions may widen

    From xm.com

    The Bank of England will step into the spotlight during the post-FOMC session on Thursday at 10:00 GMT in a relatively busy week of central bank meetings and data releases. Investors expect a downshift to a half-point rate increase, though the UK’s messy economic outlook could cause wider divisions within the rate-setting committee, creating extra volatility for the pound. What's next after a triple rate hike? The Bank of England (BoE) delivered a triple rate hike in November, its largest single increase since 1989 and the eighth in a row, as inflation grew at a double-digit rate and was more than five times higher ... (full story)

Uk cpi lower than forecast, but gbp still going up. Usa cpi also down, but usd weak. Than, how to read cpi data from different country now ?
Quoting BaliBoyz80
Uk cpi lower than forecast, but gbp still going up. Usa cpi also down, but usd weak. Than, how to read cpi data from different country now ?
the market is waiting for the FOMC meeting 3 hrs from now.
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