{"id":33103,"date":"2022-08-03T23:30:00","date_gmt":"2022-08-03T22:30:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=33103"},"modified":"2022-08-04T18:14:10","modified_gmt":"2022-08-04T17:14:10","slug":"morning-brief-boe-in-focus","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/morning-brief-boe-in-focus\/","title":{"rendered":"Morning Brief – BoE In Focus"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

Today\u2019s Bank of England rate decision is set to be the main focus for market watchers, with the action from the UK central bank expected to be the largest rate increase in 40 years.<\/p>

The main event is largely taking a backseat to UK political theatre as Rishi Sunak and Liz Trust do battle for the top job in UK politics. The pound<\/a> could remain in the doldrums until the verdict is known.<\/p>

Still, traders\u2019 thoughts today will be with the scale of the hike expected from the BOE and also the guidance on just how many rate hikes are coming down the line to fight double-digit inflation.<\/p>

Should we see a 50-basis point hike and more hawkish commentary towards further aggressive rate action then it is like cable could jump and gain traction.<\/p>

The FTSE100<\/a> is a tough one. Higher rates bring bank profits, but they also hit UK home sales. I think the leading UK index could take the decision in its stride decide.<\/p>

OPEC\u2019s latest decision to marginally increase output is hammering oil prices. Yesterday we saw a huge move down in crude<\/a> and Brent oil<\/a>, and an even bigger move up in Natural Gas<\/a> prices.<\/p>

Note that no real news was attributed to Natural Gas moving higher, so trying to fathom why the move took place in the first place is very difficult at this stage.<\/p>

Should we continue to see oil prices trade below $90.00 and even nearer to $80.00 over the coming weeks then this would be a massive help to central banks.<\/p>

With the war in Ukraine, it remains to be seen whether oil prices will stay this low or indeed whether they will scoop up on the dip. I suspect the former.<\/p>

In terms of the foreign exchange markets, we are seeing really muted action ahead of the BoE. The euro<\/a> is currently having a quiet week after peaking on Monday.<\/p>

The Nasdaq<\/a> stage a huge upside breakout yesterday. Apple<\/a> sales came in strong and also many other tech companies in the Nasdaq did better than most expected.<\/p>

Much of the crypto market looks to the Nasdaq for guidance, especially Bitcoin. The top coin failed to break out yesterday as the Nasdaq posted one of its strongest days of the year.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Today\u2019s Bank of England rate decision is set to be the main focus for market watchers, with the action from the UK central bank expected to be the largest rate increase in 40 years. The main event is largely taking a backseat to UK political theatre as Rishi Sunak and Liz Trust do battle for […]<\/p>\n","protected":false},"author":4,"featured_media":33109,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[56,64,87,27,172,307],"yoast_head":"\nMorning Brief - BoE In Focus - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/morning-brief-boe-in-focus\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morning Brief - BoE In Focus Morning Brief - BoE In Focus\" \/>\n<meta property=\"og:description\" content=\"Today\u2019s Bank of England rate decision is set to be the main focus for market watchers, with the action from the UK central bank expected to be the largest rate increase in 40 years.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/morning-brief-boe-in-focus\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-03T22:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-04T17:14:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/08\/gettyimages-174735102.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"258\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Morning Brief - BoE In Focus Morning Brief - BoE In Focus\" \/>\n<meta name=\"twitter:description\" content=\"Today\u2019s Bank of England rate decision is set to be the main focus for market watchers, with the action from the UK central bank expected to be the largest rate increase in 40 years.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-boe-in-focus\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-boe-in-focus\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Morning Brief – BoE In Focus\",\"datePublished\":\"2022-08-03T22:30:00+00:00\",\"dateModified\":\"2022-08-04T17:14:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-boe-in-focus\/\"},\"wordCount\":384,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"BoE\",\"Crude oil\",\"GBP\",\"NASDAQ\",\"OPEC\",\"USD\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-boe-in-focus\/\",\"url\":\"https:\/\/youtrading.com\/en\/morning-brief-boe-in-focus\/\",\"name\":\"Morning Brief - BoE In Focus - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2022-08-03T22:30:00+00:00\",\"dateModified\":\"2022-08-04T17:14:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-boe-in-focus\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/morning-brief-boe-in-focus\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-boe-in-focus\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Morning Brief – BoE In Focus\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\",\"name\":\"Nathan Batchelor\",\"description\":\"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.\",\"url\":\"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Morning Brief - BoE In Focus - Youtrading UK","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/youtrading.com\/en\/morning-brief-boe-in-focus\/","og_locale":"en_GB","og_type":"article","og_title":"Morning Brief - BoE In Focus Morning Brief - BoE In Focus","og_description":"Today\u2019s Bank of England rate decision is set to be the main focus for market watchers, with the action from the UK central bank expected to be the largest rate increase in 40 years.","og_url":"https:\/\/youtrading.com\/en\/morning-brief-boe-in-focus\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2022-08-03T22:30:00+00:00","article_modified_time":"2022-08-04T17:14:10+00:00","og_image":[{"width":400,"height":258,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/08\/gettyimages-174735102.jpg","type":"image\/jpeg"}],"author":"Nathan Batchelor","twitter_card":"summary_large_image","twitter_title":"Morning Brief - BoE In Focus Morning Brief - BoE In Focus","twitter_description":"Today\u2019s Bank of England rate decision is set to be the main focus for market watchers, with the action from the UK central bank expected to be the largest rate increase in 40 years.","twitter_misc":{"Written by":"Nathan Batchelor","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/youtrading.com\/en\/morning-brief-boe-in-focus\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/morning-brief-boe-in-focus\/"},"author":{"name":"Nathan Batchelor","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab"},"headline":"Morning Brief – BoE In Focus","datePublished":"2022-08-03T22:30:00+00:00","dateModified":"2022-08-04T17:14:10+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/morning-brief-boe-in-focus\/"},"wordCount":384,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["BoE","Crude oil","GBP","NASDAQ","OPEC","USD"],"articleSection":["Markets"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/morning-brief-boe-in-focus\/","url":"https:\/\/youtrading.com\/en\/morning-brief-boe-in-focus\/","name":"Morning Brief - BoE In Focus - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2022-08-03T22:30:00+00:00","dateModified":"2022-08-04T17:14:10+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/morning-brief-boe-in-focus\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/morning-brief-boe-in-focus\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/morning-brief-boe-in-focus\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"Morning Brief – BoE In Focus"}]},{"@type":"WebSite","@id":"https:\/\/youtrading.com\/en\/#website","url":"https:\/\/youtrading.com\/en\/","name":"Youtrading UK","description":"Leaders in Trader Training","publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/youtrading.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/youtrading.com\/en\/#organization","name":"YouTrading","url":"https:\/\/youtrading.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","contentUrl":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","width":2531,"height":570,"caption":"YouTrading"},"image":{"@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/YouTradingEnglish\/","https:\/\/www.instagram.com\/youtrading_english\/","https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg"]},{"@type":"Person","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab","name":"Nathan Batchelor","description":"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.","url":"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/"}]}},"_links":{"self":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/33103"}],"collection":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/comments?post=33103"}],"version-history":[{"count":0,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/33103\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media\/33109"}],"wp:attachment":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media?parent=33103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/categories?post=33103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/tags?post=33103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}