The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.
Tag - currencies
Here's the scoop: The Bank of England (BOE) is set to accelerate the pace at which it shrinks its balance sheet, according to one of its deputy governors. Currently, the BOE is unwinding about £20 billion of quantitative easing every three months. The goal is to reduce the stock by around £80 billion per year through active sales and maturing assets.
It seems like the Canadian consumer has a firm grip on their wallet, which is no surprise given the current economic climate. Inflation in April crept up from 4.3% to 4.4%, adding to the financial woes.
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
Historically, the stability of the franc is caused by the solid Swiss economy and a highly developed banking system…
Dovish ECB and hawkish Fed paint a bearish outlook for the EUR/USD. Is declining to 1.0770 the next stop?
The move by the US and its Western allies to freeze most of Russia's foreign exchange reserves has raised fears that the US dollar is being used as a weapon. That could wreck the greenback's dominance.
Nowadays, every news resource is talking about inflation, economic articles are yelling about it. More and more people are getting confused with all the published information.
Last week was full of surprises! The US dollar plunged despite a better-than-expected retail sales report…
Margin trading is borrowing funds from a broker to invest them further. Sounds simple, right? Let’s find out the main benefits and risks!
Every trader should know about correlation in the Forex market. Read this article and decide whether to use it in your trading or avoid it.
There is no doubt that diversification is the key to success in investing.