Will the BoE and the BoJ sink the GBPJPY on Thursday?Â
On Thursday, the Bank of England meet and are still expected to increase interest rates by 25 basis points to tackle surging UK inflation. Â
GBPJPY
Is a time of GBPJPY weakness ahead?
There is a very interesting seasonal pattern approaching in the GBPJPY pair. Recent gains in the pound are starting to look stretched. The Bank of England has been hiking interest rates to deal with rising inflation and that’s resulted in…
Is now the time for GBPJPY sellers?
Recent UK data has shown signs of a sharp slowdown. On August 18 UK retail sales came in below market’s minimum expectations and so did the UK PMI reading on August 23. With GBP longs showing an extreme long position…
UK Inflation Data Release: Eyes on the GBP as Fight Against Inflation Intensifies
Mark your calendars for Wednesday, July 19! At 07:00 UK time, the much-awaited UK inflation data will be revealed. Anticipations suggest that the headline figure will drop to 8.2% y/y from the previous 8.7%. However, the core reading is expected…
Seasonal trade to look at for September
The Bank of England brought forward projections for a 2023 projection to 2022 this year for the UK at their last meeting, See here for details of that meeting. Inflation was also expected to rise above 13% for the UK…