GBP/USD grinds lower but stays around 1.2350s after upbeat US NFP report
The British pound appears to regain composture but remains losing in the day, down 0.06%, after the Bank of England hiked rates by 25-bps on Thursday.
Read More »UK Spring Budget Statement, Bailey, Powell & US Open
UK cuts growth forecast sharply, with the spring budget based on projections of 3.8% growth, rather than the 6% expected previously. UK Finance Minister Rishi Sunak announced this along with…
Read More »GBP/USD retreated before reaching 1.3200 towards 1.3170s as market sentiment improves
GBP/USD erased some of earlier weekly losses after the Bank of England (BoE’s) decided to increase borrowing costs for the third time, in the same num
Read More »Markets Positioned for a Hawkish FOMC Tomorrow
The markets remain extremely volatile with too many uncertainties to adequately price. However, one near sure bet is for the FOMC to hike rates 25 bps tomorrow. The BoE is also…
Read More »BoE hikes, ECB steady; wants to see inflation “durably” at target
GBPUSD rallied to 2-week highs of 1.3628 from near 1.3560 following the as-expected 25 basis point BoE rate hike, and generally more hawkish statement from the Bank. The US Dollar…
Read More »Week Ahead: Variant volatility to continue, US CPI in focus
The markets look likely to remain volatile with two competing forces battling each other. The new strain of coronavirus and any new scientific news is threatening to curtail economic activity…
Read More »GBP Forecast: Omicron Adds Uncertainty to BoE Rate Rise
Scientific data on vaccine efficacy a trigger for a BoE rate rise this month.
Read More »Good week for GBP with more solid data
Overnight Headlines *USD moves lower, below 16-month highs *US stocks notched record closing highs boosted by earnings *Oil rebounds after falling to six-week lows *Japan reveals bigger than expected fiscal…
Read More »Tepid tone to early trading kicks off the week
Overnight Headlines *US stocks eased last week to break a string of gains *USD comes off 16-month highs at 95.26 *China data beat expectations as spending, power supply picks up…
Read More »US jobs data rounds off a busy week
Overnight Headlines *US stocks extended their streaks of record high closes to six sessions *USD made three-week highs on a cautious BoE *US 10-year Treasury yields dopped to their lowest…
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