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BOE’s Bailey: UK economy, financial system have been resilient so far

July 12, 2023

FPC will remain vigilant as impact of higher rates feed through Tighter bank lending standards reflect appropriate risk judgement Strong UK labour market reduces stress …

Sentiment

GBP/USD IG Client Sentiment: Our data shows traders are now at their least net-long GBP/USD since May 08 when GBP/USD traded near 1.26.

July 12, 2023

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading …

Central Banks

BOE: Global economic outlook is highly uncertain, risk environment is challenging

July 12, 2023

Higher interest payments on loans mean borrowers may struggle with repayments That increases the risks faced by banks But UK banks are resilient and are …

Market Outlook - European Market

US Dollar Slips While Japanese Yen Rallies Ahead of US CPI. New Lows for USD?

July 12, 2023

The US Dollar descent continued going into today’s much anticipated US CPI data point. The Japanese Yen has moved into the box seat with speculation …

Central Banks

RBA’s Lowe says “deadly serious” about getting inflation back to target

July 12, 2023

Confident that higher interest rates are working Have an open mind on whether have to tighten policy further This builds on his earlier remarks here. …

Central Banks

Fed speakers due today include Barkin, Kashkari, Bostic, Mester. Fed Beige book also.

July 12, 2023

It’s a huge day coming up from the Americas. Fed speakers and the Beige Book: 1230 GMT/0GMT US Eastern time – Federal Reserve Bank of …

Central Banks

RBA’s Lowe – its possible there will be more rate hikes still to come

July 12, 2023

Reserve Bank of Australia Governor Lowe on the economy and policy: Possible some further tightening will be required to return inflation to target Remains to …

Central Banks

European Central Bank’s Lane is speaking Wednesday, 12 July 2023

July 12, 2023

Philip Lane, member of the Executive Board of the European Central Bank participates in a panel at the NBER conference “Summer Institute 2023 – Macro, …

Central Banks

Reserve Bank of New Zealand July meeting minutes – Inflation remains too high

July 12, 2023

Announcement and summary of statement is here: Reserve Bank of New Zealand leave cash rate unchanged at 5.5%, as widely expected From the minutes to …

Central Banks

Reserve Bank of New Zealand leave cash rate unchanged at 5.5%, as widely expected

July 12, 2023

RBNZ Monetary Policy Review and official cash rate announcement. OCR remains at 5.5% as basically unanimously expected. In brief from the Bank’s statement: The level …

Central Banks

Reserve Bank of New Zealand monetary policy decision due top of hour – on hold expected

July 12, 2023

Previews of the RBNZ can be found here, ‘on hold’ is very widely expected. Basically unanimously expected: RBNZ meet this week, on hold decision widely …