Chart of the Day: Forbes' effect
Mar 17, 2017 16:50 pm UTC| Commentary Central Banks
British Sterling is in for its first weekly gain since February and its biggest weekly bull run since November last year, thanks to BoE member Kristine Forbes, who surprisingly voted for a hike of 25 basis points at this...
FxWirePro: Intricacies of stern BoJ’s status quo monetary policy
Mar 17, 2017 12:40 pm UTC| Central Banks Insights & Views
The Bank of Japan (BoJ) left its monetary policy unchanged yesterday. Followed by an accompanying statement it appeared optimistic as regards the growth outlook. Owing to rising energy prices the BoJ expects a rise in...
FxWirePro: Forbes effect likely to be limited on pound
Mar 17, 2017 09:50 am UTC| Commentary Central Banks
Kristin Forbes, one of the members of Bank of Englands (BoE) monetary policy committee (MPC) surprised the market by voting for a rate hike. The market was surprised in two fronts; first on the voting by Ms. Forbes and...
Mar 17, 2017 08:44 am UTC| Commentary Central Banks Economy
The Polish central bank is expected to hold rates steady at 1.5 percent for the rest of this year, as the countrys rate of inflation remains well below the central banks targeted range of 2.5 percent. However, the rates...
Fed Hike Aftermath Series: Hike odds post March FOMC
Mar 17, 2017 08:03 am UTC| Commentary Central Banks
As expected, the US Federal Reserve hiked interest rate by 25 basis points in its March meeting. However, aside from the rate hike, there were no major changes in the FOMC forecast or statement, except for few minor...
FxWirePro: The Day Ahead- 17th March 2017
Mar 17, 2017 03:08 am UTC| Commentary Central Banks
Not many economic dockets and events scheduled for today and all with low to medium volatility risks associated. Upcoming: Italy: January trade balance numbers will be reported at 9:00 GMT. Eurozone: January...
Mar 16, 2017 10:34 am UTC| Commentary Central Banks
The pound has increased sharply yesterday after the US Federal Reserve chose not to upgrade its monetary policy outlook for 2017 and the year next. However, the currency has been struggling to gain above 1.27 resistance...
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