Preview of Economic News Releases for the Week

What are the key economic news releases for the week? Monday has no news releases of note, so Tuesday is when things will kick off, starting with the Average Earnings Index from the UK at 8.30am GMT. At 12.30pm GMT, the CPI data as well as its core component will [...]
GBPJPY Falls Sharply Below 128 After Weak GDP Data

GBPJPY Slumps Below 128 After Weak GDP Data

GBPJPY breaks below the 128 mark a level that we haven’t seen since November 2016 after disappointing UK GDP figures. The office of National Statistics reported that the UK Gross Domestic Product (YoY) came in at 1.2% below forecasts of 1.4 in 2Q, 2019 the   month over month figure came [...]

GBP Steady as BoE’s Carney Keeps Options Open

The Governor of the Bank of England, Mark Carney, took center stage to respond to questions from members of the press after the monetary policy committee voted unanimously to keep rates unchanged at 0.75%. The BoE also lowered its forecast for the UK’s 2019 GDP growth, cutting it by 2 [...]

GBPJPY – Bearish But Struggling to Trade Lower

In early May when GBPJPY was trading around 143.70, I said that GBPJPY could fall sharply. The price did so and reached a low of 135.35. Read my latest outlook to find out where I think the pair will be trading next. It is free to become a member, and you will have access to all of our premium articles. Try today.

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