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EUR/GBP dips to 0.8750 session lows following BoE’s decsion
The Euro accelerated its decline from levels near 0.8800 against the Pound Sterling, to reach intra-day lows near 0.8750 at the time of writing, with the weekly low of 0.8745 at a short distance.The Bank of England met the market’s expectations and cut its Bank Rate by 25 basis points to 3.75% on Th
Fxstreet
Thu, Dec 18
NZD/USD Price Forecast: Kiwi hits 0.5755 support as bullish momentum eases
The New Zealand Dollar has failed to draw any significant support from the strong New Zealand GDP figures and is losing ground against the US Dollar. The pair is hovering right above the 0.5755 support area at the time of writing, after having peaked at 0.5830 last week.
Fxstreet
Thu, Dec 18
EUR/USD hlds above 1.1700 ahead of ECB meeting – BBH
EUR/USD trades above 1.1700 as markets await today’s European Central Bank (ECB) meeting. The central bank is expected to keep rates at 2.00%, with President Lagarde’s remarks on future hikes likely to influence the euro’s near-term direction, BBH FX analysts report.
Fxstreet
Thu, Dec 18
GBP/USD holds above 1.3310 ahead of BoE rate decision – BBH
GBP/USD trades cautiously above 1.3310 as markets brace for today’s Bank of England meeting. A 25bps cut to 3.75% is widely expected, with a tight 5-4 vote likely, while guidance signaling gradual further easing could pressure the pound on crosses, BBH FX analysts report.
Fxstreet
Thu, Dec 18
USD/JPY rises to near 156.00 ahead of US CPI data, BoJ policy decision
The USD/JPY pair trades higher around 156.00 during the European trading session on Thursday. The pair gains as the US Dollar (USD) rises ahead of the United States (US) Consumer Price Index (CPI) data for November, which will be published at 13:30 GMT.
Fxstreet
Thu, Dec 18
RPT-ROI-BoE needs to rein in rising real rates: Mike Dolan
By Mike Dolan LONDON, Dec 18 (Reuters) - If British growth is sub-par, its labor market weakening and fiscal policy tightening, then the Bank of England looks behind the curve - and should now be playing catch-up to offset tightening real interest rates as inflation tumbles anew.Wednesday's r...Reuters
Thu, Dec 18
GBP weak ahead of BoE meeting on weaker CPI – MUFG
The Pound Sterling (GBP) has continued to trade at weaker levels ahead of today’s Bank of England (BoE) policy meeting following the release yesterday of the much weaker than expected UK CPI report for November, MUFG's FX analyst Lee Hardman reports.Fxstreet
Thu, Dec 18
FOREX-Dollar remains firm as markets await ECB, BoE rate announcements
Markets look for catalysts from key central bank decisionsSurprise weakness in UK inflation firms case for BOE rate cutTrump says next Fed chair to favour lower rates 'by a lot'By Rocky Swift and Samuel Indyk LONDON, Dec 18 (Reuters) - The dollar inched higher against its major counterpar...Reuters
Thu, Dec 18
AUD/USD Price Forecasts: Aussie is clinging to the 0.6600 support area
The Australian Dollar is trading practically flat against the Greenback on Thursday, attempting to hold above a support area right below the 0.6600 line, to put an end to a five-day losing streak, after peaking at 0.6679 on December 10.Recent data from Australia showed that demand for employment dec
Fxstreet
Thu, Dec 18
GBP retreats after surprise drop in UK inflation – Commerzbank
The Pound Sterling (GBP) reversed its gains after UK inflation came in below expectations, leaving the market focused on the Bank of England’s (BoE) rate cut today and the potential for further easing in upcoming meetings, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.Fxstreet
Thu, Dec 18
GBP: BOE vote could trigger further Sterling weakness – OCBC
Pound Sterling (GBP) weakened overnight after softer-than-expected CPI data, with technical signals hinting at a possible reversal. Market attention turns to today’s BOE meeting and committee vote, which could drive further downside.Fxstreet
Thu, Dec 18
EUR/USD tests key multi-month resistance – Société Générale
EUR/USD has extended its rebound after breaking a short-term downtrend, but is now stalling near major resistance around 1.18, where near-term consolidation may decide whether a larger bullish trend unfolds, Société Générale's FX analysts note.Fxstreet
Thu, Dec 18
