Sterling suffered an initial sell-off in European trading and remained weak following BoE’s decision to cut the Bank Rate by 25 basis points to 5.00%. However, it stabilized during Governor Andrew Bailey’s press conference. The tight 5-4 vote to cut the rate underscored that monetary policy easing is not on auto-pilot for BoE. Bailey highlighted […]
The post Sterling Stabilizes After Initial Selloff, BoE Easing Not Automatic Despite First Cut appeared first on Action Forex.
Canada’s inflation report for October will be in the spotlight on Tuesday after falling below the Bank of Canada’s 2% target for the first time since 2021 in September. Headline inflation likely edged back to Read more…
Almighty dollar awaits PMIs for more signs of Fed cut delays Eurozone PMIs also on tap amid speculation of bigger cut by ECB Pound could benefit from data pointing to rebound in inflation Canadian and Read more…
Asian stocks were mixed today, influenced by weak Chinese data and uncertainty around US Federal Reserve policies. Fed Chair Jerome Powell’s cautious stance on cutting interest rates and stronger-than-expected US inflation data have reduced expectations Read more…