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Thursday, June 19, 2025

European Markets Wrap-Up: BOE leaves bank rate unchanged at 4.25%, as expected

BOE leaves bank rate unchanged at 4.25%, as expected

Prior 4.25% Bank rate vote 6-3 vs 7-2-0 expected (Dhingra, Taylor, and Ramsden voted to cut by 25 bps instead) Underlying UK GDP growth appears to have remained weak The labour market has continued to... 

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BOE policy decision coming up next, what to expect?

That is very much a given with market odds placing that at ~94% ahead of the decision later. And especially not after the last two UK CPI reports in April and May respectively. So, there likely won't... 

ECB's Nagel: We're on the right track when it comes to monetary policy

We're on the right track when it comes to monetary policy. We're now in the neutral territory of monetary policy. We'll do what is necessary. You will find sentences in our last monetary policy statem... 

More from ECB's Villeroy: Tariffs to have limited effect on Euro Area inflation

Tariffs to have limited effect on Euro Area inflation. The ECB doesn't expect surprises on wage front. The ECB is on hold at least until September as they want to gather more information on the econom... 

EU weighs UK-style trade deal with US

The Financial Times reports that the EU is weighing a UK-style trade deal with the US. That would leave the reciprocal tariffs around 10% and then they will try to negotiate better conditions for sect... 

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Latest Forex Orders

FX option expiries for 19 June 10am New York cut

There are just a couple to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.1475 and 1.1500 levels. The expiries could play a role in pulling price action a little in... 

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