{"id":71275,"date":"2015-04-20T07:18:28","date_gmt":"2015-04-20T11:18:28","guid":{"rendered":"http:\/\/countingpips.com\/?p=71275"},"modified":"2015-04-20T07:40:52","modified_gmt":"2015-04-20T11:40:52","slug":"sterling-pauses-following-robust-4-big-figure-rally","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/04\/sterling-pauses-following-robust-4-big-figure-rally\/","title":{"rendered":"Sterling Pauses Following Robust 4-Big Figure Rally"},"content":{"rendered":"<div id=\"inves-2301510289\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 20, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>Sterling consolidated after a robust rally last week, having seen cable increase by more than 4 big figures against the greenback.\u00a0 Resistance is seen near Friday\u2019s high at 1.5050. BoE Governor Carney warned of a risk of a sharp reversal in the financial markets when policy changes.\u00a0 Later this week traders will need to absorb the contents of the BoE policy minutes.<\/p>\n<p>BoE Governor Carney warned that the risk of a \u201csharp and disorderly reversal\u201d in financial markets remains due to the compressed credit and liquidity risk premium. As the year winds on and data continues to reflect a solid economic backdrop, it is clear that the central bank want to \u00a0His remarks were made at the weekend\u2019s IMF and World Bank meetings in Washington DC. He acknowledged that the world has adjusted well to divergent growth and monetary policy expectations but that market participants should be mindful of the risk of diminished market liquidity, asset price discontinuities, and contagion across markets.<\/p>\n<p>He said that, the impact of lower commodity prices, a stronger U.S. dollar and moderating economic growth may lead to further challenges for the financial resilience of some emerging market and developing economies, including the risk of capital flow volatility.<\/p>\n<p>Looking forward market participants will need to absorb the minutes to April BoE MPC policy meeting this week on Wednesday. Analysts expect the Committee will vote 9-0 to maintain the repo rate at 0.5%, where it\u2019s been since March 2009, and the QE total at GBP 375 billion. The minutes should also convey a repetition of the central message from recent BoE communications that the next monetary policy move would likely be a repo rate hike but not until Q1 2016.<\/p>\n<p>As for the data, the release of ONS stats office March retail sales data should show a 0.4% month over month and 5.4% year rise. Risks are to the upside following a very strong BRC retail figure. Trending improvement in the labor market and rising real wages are supporting consumer spending.<\/p><div id=\"inves-4228030902\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2015\/04\/gbp-042015.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-7181\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2015\/04\/gbp-042015-300x191.jpg\" alt=\"gbp-042015\" width=\"300\" height=\"191\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime Sterling consolidated after a robust rally last week, having seen cable increase by more than 4 big figures against the greenback.\u00a0 Resistance is seen near Friday\u2019s high at 1.5050. BoE Governor Carney warned of a risk of a sharp reversal in the financial markets when policy changes.\u00a0 Later this week traders will [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-71275","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=71275"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71275\/revisions"}],"predecessor-version":[{"id":71279,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71275\/revisions\/71279"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=71275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=71275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=71275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}