-
British Pound Forecast: GBP/USD to Face Slowing UK CPI Ahead of BoE
GBP/USD attempts to retrace the decline from the weekly high (1.2715) as the US Retail Sales report shows a 0.1% rise in May versus forecasts for a 0.2% print, but the British Pound may face headwinds ahead of the Bank of England (BoE) rate decision as the UK Consumer Price Index (CPI) is anticipated to show slowing inflation. Keep in mind, GBP/USD failed to test the March high (1.2894) as the Federal Reserve kept US interest rates on hold, and it remains to be seen if the BoE will follow a similar approach as the central bank warns that ‘monetary policy will need to remain restrictive for sufficiently long to ... (full story)
- Comments
- Subscribe
-
- Older Stories
From msn.com|Jun 18, 2024Federal Reserve officials, encouraged by recent data, are looking for more confirmation that inflation is sustainably cooling and for any warning signs from a still-strong labor ...
From @LiveSquawk|Jun 18, 2024post: Fed’s Logan: Inflation Remains Too High, But Have Made ‘Tremendous Progress’ - 'Great To See' CPI Data, Need To See 'Several More Months' To Have Confidence On Inflation - Fed Is In A Good Position, To Be Patient, On Policy post: FED'S LOGAN: THE NEUTRAL RATE IS PROBABLY HIGHER NOW THAN IT WAS BEFORE PANDEMIC.
From @financialjuice|Jun 18, 2024post: FED'S MUSALEM: THE LABOR MARKET NO LONGER SEEMS OVERHEATED, BUT REMAINS TIGHT. post: Fed’s Musalem: Current Stance Allows Fed To Be Patient And Assess Data, Could Take Quarters To See Data To Support Rate Cut - Sees Long-Run Neutral Rate As Higher Than 0.5% - Sees Uncertainty On Degree Of Policy Restrictiveness - May Retail Sales Data Suggests Moderate Demand…
-
- Newer Stories
From pbs.org|Jun 18, 2024Consumers barely increased spending in May from April as still high prices on groceries and other necessities and high interest rates curbed spending. Retail sales rose 0.1% in ...
From dallasfed.org|Jun 18, 2024Many individual price changes make up widely used gauges of inflation. Their relative importance changes over time and may affect how consumers perceive inflation. Commonly known ...
From home.treasury.gov|Jun 18, 2024The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for April 2024. The next release, which will report on data for May 2024, is scheduled ...
- Story Stats
- Posted: Jun 18, 2024 2:20pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 5,324
- Linked events:
