Forex Topic: United Kingdom - Action Forex https://www.actionforex.com/tag/united-kingdom/ Live Forex Analysis, Currency Rates, Economic Calendar, Technical Forecast, Fundamental News, Free Trading Signals. Best. USD Dollar, EUR Euro, JPY Yen, GBP Pound, CHF Swiss Franc, CAD Canadian Dollar, AUD Australian Dollar, NZD New Zealand Dollar Fri, 20 Dec 2024 17:46:41 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 Markets Weekly Outlook – S&P 500 in Focus as Markets Brace for Holiday Lull https://www.actionforex.com/contributors/fundamental-analysis/580420-markets-weekly-outlook-sp-500-in-focus-as-markets-brace-for-holiday-lull/ https://www.actionforex.com/contributors/fundamental-analysis/580420-markets-weekly-outlook-sp-500-in-focus-as-markets-brace-for-holiday-lull/#respond Fri, 20 Dec 2024 17:46:41 +0000 https://www.actionforex.com/?p=580420

The Federal Reserve’s policy change and economic projections have significantly impacted markets, leading to a rise in US yields. The US PCE data released on Friday rose less than expected, alleviating some selling pressure on US equities. The Bank of Japan held rates steady, defying expectations of a rate cut, while the risk of a […]

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Weekly Focus – Hawkish Christmas Present from US Federal Reserve https://www.actionforex.com/contributors/fundamental-analysis/580406-weekly-focus-hawkish-christmas-present-from-us-federal-reserve/ https://www.actionforex.com/contributors/fundamental-analysis/580406-weekly-focus-hawkish-christmas-present-from-us-federal-reserve/#respond Fri, 20 Dec 2024 17:35:32 +0000 https://www.actionforex.com/?p=580406

The tradition of central banks hosting meetings just before Christmas continued this year with policy decisions in the US, Japan, UK, Norway, and Sweden. The largest present came from the US Federal Reserve in the shape of a significant hawkish surprise. Fed cut the policy rate target by 25bp to 4.25-4.50% as expected, but Powell delivered […]

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Dollar Pauses After PCE Miss, Markets Digest Fed Comments https://www.actionforex.com/action-insight/market-overview/580376-dollar-pauses-after-pce-miss-markets-digest-fed-comments/ https://www.actionforex.com/action-insight/market-overview/580376-dollar-pauses-after-pce-miss-markets-digest-fed-comments/#respond Fri, 20 Dec 2024 15:07:19 +0000 https://www.actionforex.com/?p=580376

Dollar’s strong rally paused in early US trading after PCE inflation data came in below expectations, easing concerns that Fed might maintain higher rates for an extended period. Markets are also digesting remarks from Fed officials following the hawkish rate cut earlier in the week. Most notably, Cleveland Fed President Beth Hammack, the sole dissenter […]

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British Pound Stabilizes as Retail Sales Edge Up https://www.actionforex.com/contributors/fundamental-analysis/580354-british-pound-stabilizes-as-retail-sales-edge-up/ https://www.actionforex.com/contributors/fundamental-analysis/580354-british-pound-stabilizes-as-retail-sales-edge-up/#respond Fri, 20 Dec 2024 10:08:13 +0000 https://www.actionforex.com/?p=580354

The British pound has steadied on Friday, after sliding 1.6% in the past two days. In the European session, GBP/USD is trading at 1.2510, down 0.10% on the day at the time of writing. Retail sales point to weak Christmas spending UK retail sales posted a small gain of 0.2% m/m in November. This was […]

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Yen Recovers Slightly on Japan’s Inflation and Verbal Intervention, But Dollar Remains Unstoppable https://www.actionforex.com/action-insight/market-overview/580293-yen-recovers-slightly-on-japans-inflation-and-verbal-intervention-but-dollar-remains-unstoppable/ https://www.actionforex.com/action-insight/market-overview/580293-yen-recovers-slightly-on-japans-inflation-and-verbal-intervention-but-dollar-remains-unstoppable/#respond Fri, 20 Dec 2024 07:47:01 +0000 https://www.actionforex.com/?p=580293

Yen, which has been one of the weakest currencies this week, showed a modest recovery during today’s Asian session. The rebound came on the back of stronger-than-expected inflation data and renewed verbal intervention from Japan’s Finance Ministry. November’s inflation figures revealed a sharp reacceleration, driven by significant increases in energy prices and rice prices. Despite […]

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Riksbank Rounds Off the Cutting Season https://www.actionforex.com/contributors/fundamental-analysis/580288-riksbank-rounds-off-the-cutting-season/ https://www.actionforex.com/contributors/fundamental-analysis/580288-riksbank-rounds-off-the-cutting-season/#respond Fri, 20 Dec 2024 07:12:35 +0000 https://www.actionforex.com/?p=580288

In focus today In the euro area, we get data on consumer confidence for December. Consumer confidence has been on a rising trend the past two years but in November it unexpectedly declined. It will be very import for the growth outlook to see if the decline was just a blip or it continued in […]

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UK retail sales edge up 0.2% mom, below 0.4% mom expectations https://www.actionforex.com/live-comments/580285-uk-retail-sales-edge-up-0-2-mom-below-0-4-mom-expectations/ https://www.actionforex.com/live-comments/580285-uk-retail-sales-edge-up-0-2-mom-below-0-4-mom-expectations/#respond Fri, 20 Dec 2024 07:07:35 +0000 https://www.actionforex.com/?p=580285

UK retail sales volumes rose by 0.2% mom in November, falling short of expectations for a 0.4% increase. This modest gain partly recovered the -0.7% mom decline recorded in October. Growth in supermarkets and non-food stores provided support, but this was partially offset by weaker performance from clothing retailers. On an annual basis, sales volumes […]

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Cliff Notes: A Volatile End to the Year https://www.actionforex.com/contributors/fundamental-analysis/580277-cliff-notes-a-volatile-end-to-the-year/ https://www.actionforex.com/contributors/fundamental-analysis/580277-cliff-notes-a-volatile-end-to-the-year/#respond Fri, 20 Dec 2024 06:41:31 +0000 https://www.actionforex.com/?p=580277

Key insights from the week that was. As is tradition in Australia, the Federal Government delivered its mid-year economic and fiscal outlook in the lead up to Christmas. As anticipated, this update highlighted a troubling combination of fading revenue windfalls and persistent strength in spending across critical services, infrastructure, cost-of-living measures and state/local grants. While […]

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Bank of England Review – BoE to Lag Peers in 2025; We Stay Positive GBP https://www.actionforex.com/contributors/fundamental-analysis/580261-bank-of-england-review-boe-to-lag-peers-in-2025-we-stay-positive-gbp/ https://www.actionforex.com/contributors/fundamental-analysis/580261-bank-of-england-review-boe-to-lag-peers-in-2025-we-stay-positive-gbp/#respond Thu, 19 Dec 2024 15:35:11 +0000 https://www.actionforex.com/?p=580261

At today’s monetary policy meeting the BoE kept the Bank Rate unchanged at 4.75%, which was widely expected. The BoE delivered a dovish vote split but continues to emphasise a gradual approach to reducing the restrictiveness of monetary policy. We think this supports our base case of the next cut coming in February and a […]

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Sunset Market Commentary https://www.actionforex.com/contributors/fundamental-analysis/580259-sunset-market-commentary-1535/ https://www.actionforex.com/contributors/fundamental-analysis/580259-sunset-market-commentary-1535/#respond Thu, 19 Dec 2024 15:32:52 +0000 https://www.actionforex.com/?p=580259

Markets Yesterday’s hawkish FOMC cut still resonated today. The front end of the curve outperformed slightly after US money markets even outhawked the Fed, looking to only 1 instead 2 rate cuts next year. The US 2-yr yield returns 4.5 bps of yesterday’s 15 bps gain. Long-end US bond yields remain upwardly oriented with the […]

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Sterling and Yen Underperform After BoE and BoJ https://www.actionforex.com/action-insight/market-overview/580238-sterling-and-yen-underperform-after-boe-and-boj/ https://www.actionforex.com/action-insight/market-overview/580238-sterling-and-yen-underperform-after-boe-and-boj/#respond Thu, 19 Dec 2024 14:28:36 +0000 https://www.actionforex.com/?p=580238

Both Sterling and Japanese yen are among the weakest-performing currencies today, following their respective central banks meetings. BoE left rates unchanged at 4.75%, but the surprise came from a dovish shift in the MPC, with three members voting for a cut. While BoE reiterated that a “gradual approach” to easing remains appropriate, rising concerns over […]

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BoE stands pat with dovish 6-3 vote https://www.actionforex.com/live-comments/580223-boe-stands-pat-with-dovish-6-3-vote/ https://www.actionforex.com/live-comments/580223-boe-stands-pat-with-dovish-6-3-vote/#respond Thu, 19 Dec 2024 12:18:31 +0000 https://www.actionforex.com/?p=580223

BoE held its Bank Rate steady at 4.75%, in line with expectations, but the vote leaned more dovish than before. Three MPC members—Swati Dhingra, Dave Ramsden, and Alan Taylor—voted for a rate cut. BoE reaffirmed that a “gradual approach to removing monetary policy restraint remains appropriate” and emphasized the need to maintain restrictive policy “for […]

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Market Chaos Unfolds Despite Widely Expected Fed Hawkish Cut https://www.actionforex.com/action-insight/market-overview/580155-market-chaos-unfolds-despite-widely-expected-fed-hawkish-cut/ https://www.actionforex.com/action-insight/market-overview/580155-market-chaos-unfolds-despite-widely-expected-fed-hawkish-cut/#respond Thu, 19 Dec 2024 08:24:56 +0000 https://www.actionforex.com/?p=580155

Fed’s hawkish rate cut overnight sparked an outsized market reaction, with DOW plunging over -1100 points and NASDAQ losing -3.5%. Fed’s messages didn’t deviate from expectations leading to the meeting, indicating a slower easing path in 2025 with likely just two more rate cuts and a terminal rate near or above 3.0%. But markets responded […]

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Big Central Bank Day Ahead https://www.actionforex.com/contributors/fundamental-analysis/580148-big-central-bank-day-ahead/ https://www.actionforex.com/contributors/fundamental-analysis/580148-big-central-bank-day-ahead/#respond Thu, 19 Dec 2024 07:08:43 +0000 https://www.actionforex.com/?p=580148

In focus today A packed European central bank day kicks off with the Riksbank decision at 9:30 CET. We expect a 25bp cut to 2.50% and that the central bank will maintain a message of more cuts at the beginning of 2025. Following the November decision to cut by 50bp to 2.75%, the communication has […]

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Ouch https://www.actionforex.com/contributors/fundamental-analysis/580140-ouch/ https://www.actionforex.com/contributors/fundamental-analysis/580140-ouch/#respond Thu, 19 Dec 2024 06:50:04 +0000 https://www.actionforex.com/?p=580140

Sometimes, the truth is hard to say—and even harder to hear. The Federal Reserve (Fed) announced another 25bp cut as widely expected and priced in, but hinted that there will be just about two rate cuts throughout next year. The GDP forecasts for this year and the next were revised higher, the unemployment rate lower, […]

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UK Inflation Jumps to 8-mth High, Pound Shrugs https://www.actionforex.com/contributors/fundamental-analysis/580100-uk-inflation-jumps-to-8-mth-high-pound-shrugs/ https://www.actionforex.com/contributors/fundamental-analysis/580100-uk-inflation-jumps-to-8-mth-high-pound-shrugs/#respond Wed, 18 Dec 2024 15:24:21 +0000 https://www.actionforex.com/?p=580100

British pound is showing little movement on Wednesday. Early in the North American session, GBP/USD is trading at 1.2679, down 0.07% on the day. UK inflation climbs to 2.6% Inflation in the UK climbed to 2.6% in November, its highest level since March. The rise was driven by higher costs for petrol and food as […]

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Markets Hold Steady with Fed’s Rate Cut and 2025 Outlook in Focus https://www.actionforex.com/action-insight/market-overview/580079-markets-hold-steady-with-feds-rate-cut-and-2025-outlook-in-focus/ https://www.actionforex.com/action-insight/market-overview/580079-markets-hold-steady-with-feds-rate-cut-and-2025-outlook-in-focus/#respond Wed, 18 Dec 2024 15:08:41 +0000 https://www.actionforex.com/?p=580079

The forex and stock markets are holding steady today, with limited volatility as traders anticipate FOMC rate decision and updated economic projections. A 25bps rate cut, reducing the target range to 4.25–4.50%, is virtually certain. However, the market’s focus lies on the tone and guidance Fed delivers. Critical questions include whether a pause in easing […]

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Dollar Awaits Fed Clarity on Easing, Sterling Shrugs Strong Inflation Data https://www.actionforex.com/action-insight/market-overview/579986-dollar-awaits-fed-clarity-on-easing-sterling-shrugs-strong-inflation-data/ https://www.actionforex.com/action-insight/market-overview/579986-dollar-awaits-fed-clarity-on-easing-sterling-shrugs-strong-inflation-data/#respond Wed, 18 Dec 2024 08:39:02 +0000 https://www.actionforex.com/?p=579986

Dollar has strengthened against commodity currencies this week but remains range-bound against Euro and Pound, as markets await Fed’s rate decision to gauge the next move. While a 25bps rate cut is fully expected in with no chance of deviation, the focus is on how hawkish Fed’s messaging will be. Key questions include the likelihood […]

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We May See Kneejerk Downleg in US (front-end) Yields and Dollar After Dot Plot Release https://www.actionforex.com/contributors/fundamental-analysis/579984-we-may-see-kneejerk-downleg-in-us-front-end-yields-and-dollar-after-dot-plot-release/ https://www.actionforex.com/contributors/fundamental-analysis/579984-we-may-see-kneejerk-downleg-in-us-front-end-yields-and-dollar-after-dot-plot-release/#respond Wed, 18 Dec 2024 07:44:57 +0000 https://www.actionforex.com/?p=579984

Markets Retail sales for November were solid on face value though the details offered a more balanced picture. That was enough to cap the intraday rise in US yields. Net daily changes varied in a tight range between -1 bps and +0.7 bps in an otherwise uneventful session. German rates eased up to 1.7 bps […]

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Who Pays the Bill? https://www.actionforex.com/contributors/fundamental-analysis/579976-who-pays-the-bill/ https://www.actionforex.com/contributors/fundamental-analysis/579976-who-pays-the-bill/#respond Wed, 18 Dec 2024 07:20:42 +0000 https://www.actionforex.com/?p=579976

Canada joined the global political gloom. The sudden resignation of the finance minister on Monday started raising questions about Trudeau’s leadership as politicians there try to find ways to deal with economic slowdown topped by Trump’s tariff threats. Happily for the Bank of Canada (BoC), inflation dropped below the 2% target for the second time […]

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