BoE to leave policy on hold – TDS

Analysts at TDS are expecting the BoE to leave policy on hold tomorrow, and to largely repeat its message from the May IR. Key Quotes “Crucially, they are likely to confirm that the 18Q1 slowdown was temporary, and reiterate that rates need to rise "gradually" and to a "limite ...

EUR/GBP seen at 0.84 in 6-month – Danske Bank

Morten Helt, Senior Analyst at Danske Bank, expects the European cross to grind lower towards the 0.84 area in the medium term. Key Quotes “Given that inflation is slightly lower and the unemployment rate slightly higher than projected in May, the probability of a rate hike in August ha ...

EUR/GBP stays capped around 0.8822 – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested the European cross remains capped by the 0.8822 level. Key Quotes “EUR/GBP remains capped by 200 day ma at .8822 and stays on the defensive. Directly above the 200 day ma we have the .8846 7 th May high and the 55 wee ...

EUR/GBP spikes to fresh session tops, 0.88 mark back on sight

   •  Brexit uncertainties/fading BoE rate hike prospects continue to weigh on GBP.    •  The post-ECB recovery in the shared currency provides an additional boost. Having posted a session low level of 0.8726, the EUR/GBP cross caught some fresh bids an ...

GBP in the limelight on Brexit. BoE – Danske Bank

Analyst Aila Mihr at Danske Bank assessed the week ahead for the Sterling. Key Quotes “Both Brexit and the Bank of England (BoE) will steer GBP this week”. “The UK government’s EU withdrawal bill is being debated in the House of Lords today. Political uncertainty in the U ...

BoE to remain on hold, waiting for more data – TDS

Next Thursday, the Bank of England will announce its decision on monetary policy. Analysts at TDS, expect the Monetary Policy Committee to leave policy on hold. They also expect the MPC to acknowledge that data released since their early-May decision confirms that the 18Q1 slow-down in growth wa ...

BoE Preview: MPC to leave policy on hold next week – TD Securities

"We expect the MPC to leave policy on hold next week, with a 7-2 majority (and risks of a 6-3 vote)," TD Securities analysts said in their recently published report titled 'BoE Preview: Sticking to the Script.' Key quotes "The MPC is highly data dependent, and while recen ...

EUR/GBP bounces off 2-1/2 week lows, up little around 0.8735

   •  German political headlines trigger some volatility.    •  Dovish ECB twist/goodish GBP rebound to cap strong up-moves. The EUR/GBP cross surrendered early modest recovery gains and dropped to fresh session lows in the past hour, albeit recovered fe ...

EUR/GBP stays on the defensive – Commerzbank

In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the European cross remains on the defensive for the time being. Key Quotes “EUR/GBP failed to erode the 200 day ma at .8824 and finally sold off yesterday. Directly above the 200 day ma we have the .8846 7 th May hig ...

EUR/GBP collapses near 0.8750 on Draghi

The European cross drops to fresh lows in the 0.8760 region. EUR collapses following the ECB meeting and Draghi’s presser. Earlier in the session, UK’s Retail Sales came in above expectations. EUR/GBP drops to fresh lows in the vicinity of 0.8750 following a sharp sell off in th ...

EUR/GBP keeps looking north near term – Danske Bank

In view of Senior Analyst at Danske Bank Piet Christiansen, the European cross is still seeing edging upwards in the near term. Key Quotes “GBP recovered yesterday and EUR/GBP dropped back below 0.88 just after touching the 200- day moving average line at 0.8830”. “GBP gaine ...