Skip to content
Key Takeaways:
UK inflation slightly above expectations in June
Dollar vulnerable as speculation arises regarding Fed rate cuts in September
Euro strengthened against greenback, Australian dollar remains stable
Market signifies a "Goldilocks economy" with solid retail sales but outlook on inflation prompting Fed rate cut expectations
New Zealand dollar up due to high domestically driven inflation, expectation of rate cuts from RBNZ
Yen increases as Japanese authorities potentially intervene to support currency
UK inflation in June remained steady, with core y/y at 3.5% and headline at 2%.
BoE rate cut expectations decreased after data release, with analysts postponing the first rate cut to September.
GBP/USD moved higher post-data release, back above 1.3000 for the first time since July 2023.
Retail trader data shows a bearish sentiment with 29.52% traders net-long on GBP/USD.
Contrarian view suggests GBP/USD prices may continue to rise despite net-short positions.
UK inflation remained at the Bank of Englandβs 2% target for two consecutive months
Stubborn price pressures in the services sector are causing doubts about a potential interest rate cut by the central bank
Analysis on the inflation data is being done by Goldman Sachs International Chief European Economist Jari Stehn
Yen rose broadly on Wednesday, reasons unclear
UK sterling hit a one-year high after UK inflation data
Dollar fell against yen, prompting intervention concerns
Traders reevaluate rate cut bets from Bank of England
Euro and Aussie dollar gained, dollar index fell
U.S. retail sales rise, but Fed rate cut still expected
Europeβs largest firms to ease financial leverage for dividends, buybacks, and M&A opportunities
Growth predicted for Britainβs economy in sharp rebound
High dividend yielding companies worth considering
Author predicts UK shares will soar in the next year
Stubborn services inflation in the UK due to events like Taylor Swift concerts
Jim Cramer recommends buying Broadcom Inc. as tech stocks decline
Currency and Market Insights
UK inflation slightly above expectations in June
Market signifies a "Goldilocks economy" with solid retail sales but outlook on inflation prompting Fed rate cut expectations
UK inflation remained at the Bank of Englandβs 2% target for two consecutive months
Stubborn price pressures in the services sector are causing doubts about a potential interest rate cut by the central bank
UK sterling hit a one-year high after UK inflation data
Dollar fell against yen, prompting intervention concerns
Euro and Aussie dollar gained, dollar index fell
Forex Trading and Predictions
Euro strengthened against greenback, Australian dollar remains stable
New Zealand dollar up due to high domestically driven inflation, expectation of rate cuts from RBNZ
Yen increases as Japanese authorities potentially intervene to support currency
UK inflation in June remained steady, with core y/y at 3.5% and headline at 2%.
GBP/USD moved higher post-data release, back above 1.3000 for the first time since July 2023
Traders reevaluate rate cut bets from Bank of England
Investment and Stock Market Analysis
BoE rate cut expectations decreased after data release, with analysts postponing the first rate cut to September
Analysis on the inflation data is being done by Goldman Sachs International Chief European Economist Jari Stehn
Europeβs largest firms to ease financial leverage for dividends, buybacks, and M&A opportunities
Growth predicted for Britainβs economy in sharp rebound
High dividend yielding companies worth considering
Author predicts UK shares will soar in the next year
Jim Cramer recommends buying Broadcom Inc. as tech stocks decline