GBP/JPY IG Client Sentiment: Our Data Shows Traders Are Now at Their Most Net-long GBP/JPY Since Dec 18 When GBP/JPY Traded Near 180.53.
Keeping quiet to hold back the trump card? With 38 days without any public statement, Hideo Ueda set the longest "silent" record.
For this governor, who sometimes speaks multiple times in one day, such a long "silence" seems particularly unusual.
It is still uncertain whether the United Kingdom's central bank will cut interest rates for the first time in August.
It is still uncertain whether the Bank of England will announce its first interest rate cut since 2020 next week, due to the regulations before the July 4th election. Major decision-makers have not spoken publicly for more than two months, making uncertainty greater than usual. Whether recent higher-than-expected service inflation is enough to prevent the central bank from lowering interest rates from the 16-year high of 5.25% is anyone's guess. Interest rate futures indicate a 50% chance of a 25 basis point rate cut on August 1. Although a Reuters survey shows that most economists still expect a rate cut, the Bank of England may wait until the next meeting on September 19 to make a decision.
BOE Could Cut Interest Rates in August But Vote Would Be Tight
Express News | Macro Hedge: Japanese economic data may lead the Bank of Japan to remain neutral.
Japan's Economic Data May Tilt Risks Toward BOJ Hold -- Market Talk