All eyes on the BoE Focus is now fully on the BoE at the top of the hour. Key points to remember: – The expectation is for Carney to raise the UK’s key rate by 25 basis points, to 0.75%.
The Bank of England and what’s coming up next The Bank of England was the highlight of Thursday trade and capped off a week of central bank meetings that for the most part, stayed pretty close to where things were heading into the respective decisions. Looking ahead, the US jobs report is due, though trade…
BOE gradual approach to tightening The BOE tightened today. There was a 90% plus chance for that hike to happen. When it was announced, the GBP pairs moved to high GBP levels.
Cable nears the lows of the day ForexLive
USD/CAD tracks back down to 1.3000 USD/CAD is just above 1.3000, an area where it’s been chopping around this week. The pair rose as high as 1.3040 earlier but has slipped as oil prices climbed.
June factory orders data Durable goods orders revisions ForexLive
Factory orders includes revisions to durable goods orders Factory orders are forecast to rise 0.7% in June. Here is the . preliminary factory orders report ForexLive
Friday meeting is not to negotiate Brexit An Elysee official is on the wires saying that the Friday meeting between France’s Macron and UK PM May is not a negotiation.
We’ve been down this road, but Ross reminds us that It’s possible Chinese tariffs will “not be cataclysmic” The US stocks are opening with declines on continued trade tensions. The US proposed a 25% tariff on $200B of Chinese goods. Wilbur Ross was on Fox Business and said that its possible Chinese tariffs will not…