GBP Slump Deepens on BoE & Earnings Contraction

by Ashraf Laidi

Aug 13, 2014 14:34

Today's release of UK Q2 earnings growth showing the first contraction in four years couldn't have come at a better time for the Bank of England. As bond markets scaled down expectations for a 2014 interest rate hike, the pound was hit across the board while FTSE-100 pushed higher. Full charts & analysis.

Click To Enlarge

Latest IMTs

• Bitcoin Gold DowJones
  by Ashraf Laidi | Jun 3, 2026 20:51
• Nasdaq DMA Exhaustion
  by Ashraf Laidi | Jun 2, 2026 10:05
• Revealing the Trade
  by Ashraf Laidi | May 28, 2026 21:11
• The Nvidia Reversal
  by Ashraf Laidi | May 20, 2026 19:47
• The 2600 SPX Cycle
  by Ashraf Laidi | May 18, 2026 19:57