{"id":54958,"date":"2023-02-03T10:00:56","date_gmt":"2023-02-03T08:00:56","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=54958"},"modified":"2025-11-28T10:09:18","modified_gmt":"2025-11-28T08:09:18","slug":"januarys-us-employment-report-to-steal-the-spotlight","status":"publish","type":"post","link":"https:\/\/www.ironfx-id.com\/ru\/januarys-us-employment-report-to-steal-the-spotlight\/","title":{"rendered":"January\u2019s US employment report to steal the spotlight"},"content":{"rendered":"

The USD was on the rise yesterday against its counterparts as the EUR and GBP tended to weaken allowing the greenback to shine. BoE as was widely expected hiked rates by 50 basis points raising the interest rate from 3.50% to 4.00%. The bank in its accompanying statement<\/a> mentioned that \u201cUK domestic inflationary pressures have been firmer than expected\u201d yet also noted that \u201cHeadline CPI inflation has begun to edge back and is likely to fall sharply over the rest of the year\u201d. It was characteristic that BoE Governor Andrew Bailey stated in his press conference following the decision that the bank sees the first signs that inflation has turned a corner. The decision was reached by a 7-2 majority and also we note that the bank\u2019s hint that the bank rate may be nearing its peak may have weakened the pound. Also ECB as was widely expected hiked rates by 50 basis points. In its accompanying statement<\/a>, the bank issued a forward guidance, setting the pace for the next rate hike as it stated that \u201cthe Governing Council intends to raise interest rates by another 50 basis points at its next monetary policy meeting in March\u201d, yet subsequent rate hikes are to be re-examined. Overall there seemed to be little if any hawkish surprises for the market as the bank stuck to the script of the market\u2019s expectations, allowing for the common currency to dip against the USD, especially during Lagarde\u2019s press conference later on. With markets also anticipating upcoming US employment<\/strong> data, the broader sentiment appeared to favor the dollar as traders positioned for potential labor-market resilience.<\/p>\n\n\n\n

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