News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.22%, while traders in Wall Street are at opposite extremes with 77.28%. See the summary chart below and full details and charts on DailyFX:
  • Delta Variant accounts for 92% of new Covid cases in the US
  • Crude oil prices are trading largely unchanged following last week's rebound as the Delta variant of Covid and Chinese regulatory measures temper the near-term demand outlook. Get your market update from @FxWestwater here:
  • The British Pound could remain vulnerable against the US Dollar while perhaps looking to push higher against the Australian Dollar, Canadian Dollar and New Zealand Dollar.Get your market update from @ddubrovskyFX here:
  • Hang Seng Index Futures at Key Inflection Point, Top to Resume? - #HSI1! chart
  • Amazon Q2 Earnings: -EPS at $15.12, versus $12.28 estimate (23% higher) -Revenue at $113 billion, versus $115 billion estimate (1.7% lower) -Share price tumbled 7% during after-hours trade as the company reported a slight revenue miss and gave weak third-quarter guidance
  • 🇯🇵 Industrial Production YoY Prel (JUN) Actual: 22.6% Previous: 21.1%
  • 🇯🇵 Retail Sales YoY (JUN) Actual: 0.1% Expected: 0.2% Previous: 8.3%
  • The S&P 500 and Dow Jones could remain biased higher now that retail investors are back to aggressively shorting them. But, will recent shifts in sentiment materially change the broader outlook? Find out from @ddubrovskyFX here:
  • Heads Up:🇯🇵 Retail Sales YoY (JUN) due at 23:50 GMT (15min) Expected: 0.2% Previous: 8.2%
BOE Holds Interest Rate, Quantitative Easing Unchanged

BOE Holds Interest Rate, Quantitative Easing Unchanged

Benjamin Spier, Technical Strategist

THE TAKEAWAY: Interest rates and asset purchase plan remain unchanged following BoE decision -> Showdown set for the next month’s BoE meeting -> GBD/USD barely reverses daily losses following release

The Bank of England held its key interest rate at 0.50% for the 37th straight month following its monthly meeting. It also kept the asset purchase target at 325 billion pounds. Both the interest rate and the asset purchase plan were decided as expected by analysts.

BoE Governor Mervyn King pushed for the 325 billion pounds of quantitative easing, because he said the UK’s predicament still feels like a crisis. The central bank’s board will likely take into account Q1 GDP numbers when debating the need for further stimulus and low interest rates at next month’s meeting.

UK inflation dropped to 3.4% in February from 3.6% the previous month, and the BoE maintains a 2% inflation forecast for the end of the year.

BOE_Holds_Interest_Rate_Quantitative_Easing_Unchanged_body_gbpusd.png, BOE Holds Interest Rate, Quantitative Easing Unchanged

GBD/USD remained nearly unchanged following the BoE decision, rising only a few points after dropping 80 points earlier in the session. UK stocks seem unmoved in the short term by the BoE release, following an earlier day 30 point drop in the FTSE 100.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.