Events to Look Out for Next Week
Markets are itching to push the reflation trade against the background of vaccine developments and fiscal stimulus. Central banks are, unsurprisingly, trying to slow the rise in yields, although even…
Read More »Bailey boosts Pound!
BoE’s Bailey remains sceptical on negative rates. The central bank Governor said that the resurgence of Covid-19 cases leaves the economy in a difficult situation and could “delay, probably, the…
Read More »Sterling & the BoE Preview
GBPUSD, Weekly The BoE’s Monetary Policy Committee (MPC) convened for its two-day December policy meeting yesterday, with the announcement out today (12:00 GMT). No changes to policy settings is the…
Read More »FX Update September 18 – A volatile 24hrs
The Dollar has scraped out a two-day low at 92.76 in the narrow trade-weighted USDIndex, with EURUSD concurrently pegging a two-day high at 1.1868, gaining quite sharply from yesterday’s five-week…
Read More »Mixed Dollar as Risk aversion makes a comeback
Risk off trade dominated overnight after the disappointing FOMC minutes. US-China frictions are also rubbing the markets, though the two nations have again agreed to hold talks soon to discuss…
Read More »BoE aftermaths and Cable
There was no real surprise from the BoE this week, although those looking for a clear signal that additional easing measures are underway and that a shallow recovery will force…
Read More »EUR & GBP : Circumspect view
The Dollar majors have been plying narrow ranges so far today, with global markets generally in somewhat of a directional stasis presently, with participants mindful of the potentially economically disrupting…
Read More »UK Week Ahead
May and June data out of the UK, as elsewhere, have showed a strong rebound from April, when the coronavirus lockdown measures were in full force. However, the path ahead…
Read More »The Pound Pummeled Again
EURGBP & GBPUSD The Pound remains on a weak footing, ebbing lower versus the Euro today, though so far remaining above the three-week lows it saw against the common currency…
Read More »Sterling Slips Ahead of BOE
GBPUSD, H1 Sterling has taken a rotation lower into the BoE announcement, with the currency racking up losses of over 0.4% against the Dollar and Euro, and most other peers….
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