Bank of England Reports Published in June 2022
Latest results from the Decision Maker Panel survey – 2022 Q2 – Read the report
The Decision Maker Panel (DMP) is a survey of Chief Financial Officers from small, medium and large UK businesses.
UK International Reserves – June 2022 – Read the report
The Bank of England manages the UK’s official reserves on behalf of the Government.
PRA Regulatory Digest – June 2022 – Read the report
The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.
Pipeline Technique triples workforce with US acquisition
From: The BBC
An Aberdeenshire pipeline firm serving the energy industry has tripled its workforce to more than 1,000 with an acquisition in America.
Hawkish vs Dovish: How Monetary Policy Affects FX Trading
From: Daily FX
You have probably heard a financial news presenter say something along the lines of “The central bank governor came out slightly hawkish today after bouts of strong economic data”. The terms Hawkish and Dovish refer to whether central banks are more likely to tighten (hawkish) or accommodate (dovish) their monetary policy.
GBP/USD Forecast: July 2022
From: Daily Forex
The British pound initially tried to overcome the 1.26 level during the month of June but has since fallen rather significantly. At the end of the month, it looks as if the market is trying to break down below the 1.22 handle, and it’s very likely that we will continue to see downward pressure in this market to make a go looking to the 1.20 level underneath. We had bounced from there previously, so it would simply be revisiting a recent low.
Supply fears to sustain oil rally, trumping recession risks
From: Reuters
June 30 (Reuters) – Oil prices are expected to stay above $100 a barrel this year as Europe and other regions struggle to wean themselves off Russian supply, a Reuters poll showed on Thursday, though economic risks could slow the climb.
FTSE 100 posts first quarterly drop since September 2020
June 30 (Reuters) – London’s FTSE 100 fell on Thursday and recorded its first quarterly drop since September 2020, as concerns grew that prolonged inflationary pressures would force central banks to act aggressively, leading to a global economic downturn.
FX Rates in June
GBP/EUR
June High: 1.1752
June Low: 1.1489
June End: 1.1623
GBP/USD
June High: 1.2579
June Low: 1.2013
June End: 1.2149
EUR/USD
June High: 1.0747
June Low: 1.0430
June End: 1.0454