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Tag: Andrew Bailey

GBP/USD Forecast: 1.23 Broken Following BoE’s Remarks

The risk of UK inflation stalling above the central bank’s target has dropped. UK inflation fell to 3.2% in March from 3.4% the previous month. Services...

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GBP/USD climbs after Bailey’s dovish comments – MarketPulse

The British pound is higher on Tuesday. In...

UK Employment and the BOE Rate Cut – Orbex Forex Trading Blog

The UK will provide a barrage of data next week, as is its habit to get all the figures out at once. Before the...

AI Will Not Lead to Massive Job Losses, Says BoE Governor

In an interview with the BBC, the governor of the Bank of England, Andrew Bailey, stated that artificial intelligence will not lead to mass...

BOE Rate Decision: Vote Focused – Orbex Forex Trading Blog

The main focus for the upcoming BOE rate decision will be potential interpretations for future actions. The consensus among economists is universal that the...

GBP/USD Price Analysis: Investors Digest US CPI Data

US consumer prices rose by 0.3% for the month and registered an annual growth of 3.4%. Traders believe that the BoE’s benchmark rate will decline...

GBP/USD Weekly Forecast: Hawkish BoE Gathering Traction

Inflation reports from the US showed further easing, supporting a Fed pivot. Policymakers were dovish at the Fed meeting on Wednesday, signaling an end to...

GBP/USD Price Analysis: Bulls Dominate After Hawkish BoE

The BOE affirmed its commitment to keeping British interest rates elevated. Bailey said there was still a big distance to cover in addressing inflation concerns. There...

Bank of England’s Dilemma: The Impending Decision on Interest Rates and the Shadow of 2024 Cuts

In the intricate dance of economic stability, the spotlight turns to the Bank of England as it stands on the precipice of a crucial...

BOE: How Long Can It Stave Off Cuts? – Orbex Forex Trading Blog

The consensus among analysts is near-unanimous that the BOE will keep rates unchanged at the upcoming meeting. Where the market could react more strongly...

GBP/USD Outlook: Pound Poised for a Remarkable Monthly Close

Investors anticipate a swift transition to US rate cuts in 2024. Sterling has surged nearly 4% against the dollar this month. Sunak disclosed £29.5 billion ($36.76...

GBP/USD Forecast: Pound Retains Bid Tone at 10-Week Top

The Fed’s minutes failed to change expectations of looming rate cuts. Bank of England Governor Bailey highlighted the risks of sustained inflation growth. Markets are pricing...

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