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Discover Latest #Sterling News, Articles and Videos with Contenting
- ABC News ABC News features a wide variety of stories and videos related to sterling, a form of currency used in many countries. In addition to news stories about changes in the value of sterling and its impact on the global economy, ABC News also produces stories about the history of sterling, the British Royal Family's relationship with the currency, and other topics related to the currency. There are also videos about the making of British coins and the history of the Bank of England.
What Will the BoE Do? - Action Forex
Up until yesterday, the expectation was an almost certain 25bp hike from the BoE at today’s meeting, but yesterday’s shocker inflation data has shaken these expectations. In fact, no one, and even less the BoE Chief Bailey himself, was expecting to see softer inflation in Britain last month, when oil prices spiked and sterling fell. Therefore, the surprising nature of yesterday’s data release should prevent the BoE from announcing a surprise rate pause today. Because:
Sterling and Franc Stumble on BoE and SNB; Yen Rises ahead BoJ - Action Forex
The currency markets faced significant shifts today, notably with Sterling and Swiss Franc, which are enduring considerable selloffs. Both BoE and SNB opted to maintain their current interest rates, prompting speculation that these institutions might have peaked in their tightening cycles. However, Australian Dollar bore the brunt of today's market sentiment, emerging as the day's biggest loser, possibly due to escalating risk aversion. This sentiment has been echoed in major global indexes, most likely influenced by Fed hawkish hold yesterday coupled which also triggered soaring treasury yields.