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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Bullish
Wall Street
Mixed
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Mixed
Low
High
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
  • Persistent selling in gold today, despite USD and US yields more or less flat on the session - With gold below the early June low (1855), eyes on the 200DMA at 1838 https://t.co/UoyAbgBRy5
  • IG Client Sentiment Update: Our data shows the vast majority of traders in EUR/CHF are long at 76.13%, while traders in France 40 are at opposite extremes with 76.54%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/8KeppzkFJh
  • LIVE NOW: Join Technical Strategist @MBForex for his Weekly Strategy Webinar to review the setups we're tracking into the weekly open! - https://t.co/UvJm5d12hj
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.19% 🇦🇺AUD: 0.16% 🇪🇺EUR: 0.03% 🇯🇵JPY: -0.08% 🇬🇧GBP: -0.09% 🇨🇭CHF: -0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/8HYDACmPAv
  • Weekly Strategy Webinar starting in 15mins on DailyFX! https://t.co/NMxMepfek7
  • 🇮🇳 Inflation Rate YoY (MAY) Actual: 6.3% Expected: 5.3% Previous: 4.23% https://www.dailyfx.com/economic-calendar#2021-06-14
  • 🇮🇳 Inflation Rate YoY (MAY) Actual: 6.3% Expected: 5.3% Previous: 4.29% https://www.dailyfx.com/economic-calendar#2021-06-14
  • Heads Up:🇮🇳 Inflation Rate YoY (MAY) due at 12:00 GMT (15min) Expected: 5.3% Previous: 4.29% https://www.dailyfx.com/economic-calendar#2021-06-14
  • Please join @MBForex at 8:30 EST/12:30 GMT for your weekly scalping webinar. Register here: https://t.co/fnmiAygMWK https://t.co/Sx8njhk10O
  • Heads Up:🇧🇷 BCB Focus Market Readout due at 11:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-06-14
Pound Rallies as Carney Signals Possible Rate Hike in BoE's Future

Pound Rallies as Carney Signals Possible Rate Hike in BoE's Future

Baruch Spier,

Talking Points:

  • Carney says BoE may raise rates sooner than markets expect
  • Carney expresses concern over housing loans
  • GBP/USD reaches a 3-week high

Want to trade with proprietary strategies developed by FXCM? Find out how here.

Bank of England Governor Mark Carney said the BoE could raise rates sooner than the markets expect, sending the Pound to a new 3-week high against the US Dollar. Carney also said that the central bank is concerned with housing indebtedness, an issue that could push the BoE to tighten policy. He added that any policy tightening would be gradual and limited and raising interest rates today would be the wrong response.

There has been a lot of speculation recently regarding the timing of a Bank of England rate hike, but this was the first time Carney encouraged speculation. Earlier today, UK Chancellor Osborne announced that the BoE would take control of restrictions on mortgage lending, which could serve as an alternative tool to monetary policy for cooling an overheated housing market.

GBP/USD 1-Minute: June 12, 2014

Pound Rallies as Carney Signals Possible Rate Hike in BoE's Future

GBP/USD rallied over 70 pips and to a new 3-week high after the comments. Technical Strategist Jamie Saettele says today’s rise in GBP/USD above 1.3845 muddles an earlier downward bias.

GBP/USD Daily by Jamie Saettele

Pound Rallies as Carney Signals Possible Rate Hike in BoE's Future

Charts created by Baruch Spier and Jamie Saettele using Marketscope 2.0. Add DailyFX Support/Resistance to your charts at FXCM Apps.

-- Written by Baruch Spier, DailyFX Research. Feedback can be sent to instructor@dailyfx.com .

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

DISCLOSURES