- The Bank of England (BOE) decided to deliver its #inflation medicine in a bigger dose at their recent monetary policy committee meeting. The bank made the shock decision to raise borrowing costs a half percentage point, taking the official rate to 5% ; double the size of the increase anticipated by most economists. BoE hiking interest rates to 5% , it adds...
$GBP - What shall we do now? GBP - Since we hit below 1.14 - 1.10 it's really been a one way for this pair and it could continue...However, we have options! 1 Emergency rate hike 2 Intervention 3 IMF 4 Fiscal spending 5 Swap Lines Now these are the options technically speaking we filled gap around 1.09 this morning, I expected 1.06 on table during open...
The inflation rate in the United Kingdom remained stable at 6.7% in September 2023, holding at August's 18-month low and defying market expectations of a slight decrease to 6.6%. Softer price increases in food and non-alcoholic beverages (12.1% vs 13.6% in August) and furniture and household goods (3.7% vs 5.1%) were offset by a smaller decline in energy costs...
The RICS UK House Price Balance (Released this Thursday 14th Mar 2024 for Feb month) The Royal Institute of Chartered Surveyors (RICS) House Price Balance is a monthly survey that indicates whether more or less surveyors expect housing prices to rise or fall in the U.K. housing market. A positive net balance suggests house price increases, while a negative...
ECONOMICS:GBGDPQQ Great Britain officially entered in Recession due to Two Consecutive Negative Quarters. The British economy contracted 0.3% on quarter in Q4 2023, following a 0.1% decline in Q3, worse than market forecasts of a 0.1% fall, preliminary estimates showed. The economy entered recession amid a broad-based decline in output, namely in services...
UK Retail Sales (YoY and MoM) - Retail Sales Volume 🚨 MoM: Only 7 times in UK Retail Sales history have we came down to the 3% level 🚨 YoY: The only 5 Decembers in UK Retail Sales History that have been negative (Charts only date back to 1997) PUKA
In last post, I drew your attention to the problem of the UK public debt. The situation there is critical... It is logical to expect that the problem with public debt will lead to a weakening of the pound. High inflation, high key rate, high budget deficit relative to GDP are fundamental factors that will put pressure on the GBP. According to technical...
GBP is at support area, and target is 0.5 .... with stop loss of 1.10 would be alright.
Good Day Everyone Bitcoin's Consolidation at 28/28.5k Areas Suggests Possible Retest of 25k Areas Bitcoin, the world's most popular cryptocurrency, has been consolidating in the 28/28.5k areas for some time now. This consolidation phase suggests that a possible downside move may be in the cards, with the 25k areas being the likely target for a retest. One of...
This very looks like an ending diagonal and you best believe that the downfall will be pretty explosive!
Who said the financial markets were rational? I guess no one, but why people always try to find reasons for an asset to go up or down. When you look at the UK economy and the FTSE making new 'All Time High', we understand my first setence. Price could go much higher if this 'Expanding Diagonal Figure were to play out'
The FTSE100 index (FTSE100) has resumed its bullish trend since the October 13 bottom after hitting both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) on December 20. In fact, against all odds during this inflation crisis and in contrast to its heavy stock index counterparts, it is about to close the year in gains (if it stays above the 7420 level...
EUR/USD 🔼 GBP/USD 🔽 AUD/USD 🔽 USD/CAD 🔼 USD/JPY 🔼 XAU 🔽 WTI 🔽 After his last competitor leaves the race, Rishi Sunak will soon become the new leader of the UK conservative party, also the nation’s Prime Minister. While the market looks forward to better financial stability in the UK, the British Pound has declined to 1.1275 against the US dollar. While the...
EUR/USD 🔼 GBP/USD 🔼 AUD/USD 🔼 USD/CAD 🔽 USD/JPY 🔼 XAU 🔼 WTI 🔽 The new UK chancellor has scrapped more tax cuts in the "mini-budget", and slashed its energy subsidies. Although the new administration's grip on authority remains tenuous, the British Pound and Euro significantly managed to bounce back against the US dollar. GBP/USD reached a high of 1.1431, then...
Interesting to see the UK Bonds still sell off even after Kwarteng's backflip. Not sure the market has any confidence in this character.
Comparision of "FTSE (UKX) in USD dollars" to "SPX". I am publishing the same for all (please see my other analysis): Germany, UK, Japan. I ignore all the fundamentals and only make technical analysis. Fall of EUR&GBP&JPY and their stock market's negative divergence compared to USA (SPX) is about to end, I believe. Important: This doesn't mean that the...
UK10Y-GB We are overall at key area but just like EUR I see no fundamental reasons short/medium term on why and who would realistically going into Gilt at this moment of time. Inflation running hot, could estimated by this yr at 13-15%, recession, housing crises and last of all political instability.
EUR/USD ▶️ GBP/USD 🔽 AUD/USD 🔽 USD/CAD 🔼 XAU 🔽 WTI 🔼 As the Governor of the Bank of England warned months prior, the UK CPI has recorded a 10.1 increase, compared to the market estimate of 9.8%. Such a high reading is not seen for four decades, and the British central bank is likely to bring more rate hikes to tame the raging inflation, possibly slowing the...