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Tag Archives: Bank Of England

FTSE 100 Reaches Record Peak, Market Eyeing BoE’s Rate Decision 

The FTSE 100 had a strong performance on the trading day after the Early May Bank Holiday. It reached an intraday record peak of 8,335.68, representing a 1.49% climb. By the end of the session, the index closed at 8,313.67, marking a 1.22% gain for the day. The rise mirrored the previous two sessions’ increases […]

Mounting Expectations for British Rate Cut Sparks Market Volatility 

The FTSE 100 index extended its early gains, closing 1.62% higher at 8,024 on Monday, marking a record-high close. It outperformed other European stock markets amid hopes of eased financial conditions and lower concerns about geopolitical risks. Bank of England Monetary Policy Committee (MPC) member Ramsden downplayed the risks of higher inflation in the UK […]

Bank of England Poised to Await Opportune Moment for Initial Rate Cut 

Brexit used to dominate the news headlines. By the end of January 2020, the UK formally parted ways with the EU. This, combined with a shift in the Bank of England’s leadership, the outbreak of the COVID-19 pandemic, and global inflation challenges have all fueled uncertainty for the economy’s future. Will the UK manage to […]

Focus on GBP/USD Today – 13th December 2023

Comprehensive GBP/USD Analysis for December 13, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBP/USD for 13th December 2023.  GBP/USD Key Takeaways  GBP/USD Technical Analysis  GBP/USD Daily Chart Insights GBP/USD 1-hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion 

Understanding the Recent Surge in GBP Value

The Impact of BOE and FED Decisions on the British Pound and Economy The British pound has seen a remarkable resurgence in recent times, climbing above the $1.23 mark against the US dollar. This is the highest level for the pound since mid-October 2022. The rise can be attributed to key decisions and outlooks from […]