Bank of England (BoE) news

The Bank of England (BoE) is the central bank of the United Kingdom. Its primary objective is to maintain price stability, targeting a 2% inflation rate. The BoE uses interest rate adjustments and quantitative easing to influence the economy and achieve its inflation target. It also plays a key role in ensuring financial stability in the UK.

EUR/GBP Technical: Medium-term bullish basing as BoE looms

Three key technical developments have suggested that the EUR/GBP cross pair has formed a potential medium-term bullish basing configuration since 23 August 2023 Watch the key short-term support at 0.8680. Immediate resistances stand at 0.8750 and 0.8820. The price actions of the EUR/GBP cross pair have started to trace out a medium-term bullish basing configuration since 23 August 2023 as we await the latest Bank of England (BoE) monetary policy decision later today. Clearance above 200-d

02-11-2023 04:13 GMT by Kelvin Wong

Week Ahead - US retail sales and earnings, major Chinese data, and UK inflation and employment readings

This week Wall Street will learn how quickly the US consumer is weakening and if the manufacturing part of the economy is close to entering recovery mode. The US retail sales report for September is expected to show monthly sales increased 0.3%, down from the 0.6% in the previous month.

13-10-2023 15:17 GMT by Edward Moya