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GBP/USD: Next Target 1.23000 on BoE Interest Rate Bets despite Banking Crisis
GBP/USD is trading at 1.2225, up 0.42% over the past 24 hours. The currency pair increased because of speculations that the BoE will raise interest rates this week. The Bank of England has undoubtedly limited its monetary policy to slow the rising inflation. However, further worries about the global banking crisis amid the Silicon Valley Bank collapse might cause BoE officials more difficulties. Moreover, the movement of the pound would not be limited to the Bank of England’s monetary policy on Thursday. The Consumer Price Index (CPI) data, due Wednesday, will influence the BoE’s decision-making, potentially ... (full story)
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From @LiveSquawk|Mar 20, 2023tweet at 10:56am: ECB's Lagarde: ‘Very Confident’ Capital And Liquidity Positions Of Euro Area Banks Are Well In Excess Of Requirements tweet at 11:01am: LAGARDE: ECB HAS MORE GROUND TO COVER BASED ON CURRENT BASELINE tweet at 11:02am: ECB'S PRESIDENT LAGARDE: ECB DETERMINATION ON INFLATION IS THERE AND STRONG. tweet at 11:09am: ECB’s Lagarde: Financial Tensions Could Dampen Demand, Do Some Work That Could Have Been Done With Monetary Policy - Will Understand Labor Market Better in the Spring - Attentive to Risk of Second-Round Effects tweet at 11:13am: ECB's Lagarde: Without Tensions, We Would Have Indicated That Further Hikes Would Be Needed
From think.ing.com|Mar 20, 2023Last month the Bank of England signalled it might finally be done with tightening, or at least that it was close. The Bank said it would monitor indicators of “inflation ...
From @financialjuice|Mar 20, 2023|1 commenttweet at 10:45am: ECB'S CENTENO: A NUMBER OF FACTORS POINT TO AN INCREASE IN INFLATIONARY PRESSURES. tweet at 10:52am: ECB's Centeno: - A number of factors point to an increase in inflationary pressures -The issue is not so much the level of interest rates as it is the rate at which they are rising -The supply side is responsible for a large portion of the current inflation
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From insight.factset.com|Mar 20, 2023Regulators Have Largely Acted Constructively. In our view, regulators have broadly acted helpfully since Silicon Valley’s mid-quarter update and failed recapitalization lit the ...