Bank of England Reports Published in November 2022
Latest results from the Decision Maker Panel survey – 2022 Q3 – 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 – November 2022 – Read the report
The Bank of England manages the UK’s official reserves on behalf of the Government.
PRA Regulatory Digest – November 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.
Royal Mail workers begin fresh 48-hour strike
From: The BBC
Postal workers at Royal Mail have begun a fresh 48-hour strike in a row over pay and conditions.
It is the latest in a series of walkouts involving 115,000 workers and will hit deliveries across the UK.
Euro Area Inflation Declines for the First Time Since July 2021
From: Daily FX
EUR CPI Key Points:
- Inflation Rate YoY Flash Actual 10% Vs 10.6% October.
- Food, Alcohol and Tobacco Prices Continue to Rise.
- EUR/USD Still Being Driven by the Dollar Index.
- To Learn More About Price Action, Chart Patterns and Moving Averages, Check out the DailyFX Education Section.
GBP/USD, EUR/USD Weekly Forex Forecast: Nov-Dec 2022
From: Daily Forex
The past week has been quiet in the markets, but has seen the risk-on, declining US Dollar trend continue as there is a growing expectation of a more dovish tilt from the Fed and other major central banks.
BoC to keep up pace with 50 basis point December rate hike – economists
From: Reuters
BENGALURU, Dec 1 (Reuters) – The Bank of Canada will hike its key interest rate by another 50 basis points to 4.25% on Dec. 7, according to a slim majority of economists in a Reuters poll that suggests the central bank will then hit pause on a nine-month tightening campaign.
Sterling at fresh 16-week high as dollar takes a beating
LONDON, Dec 1 (Reuters) – Sterling rose to a near 16-week high against a broadly-soft dollar on Thursday, with currency traders looking past gloomy British manufacturing data for now.
FX Rates in November
GBP/EUR
Nov High: 1.1630
Nov Low: 1.1355
Nov End: 1.1553
GBP/USD
Nov High: 1.2090
Nov Low: 1.1212
Nov End: 1.1963
EUR/USD
Nov High: 1.0432
Nov Low: 0.9772
Nov End: 1.0351