Turkish Lira plunge continues having failed to find much reprieve from yesterday’s 300bps rate hike, while GBP gets a lift after better than expected retail sales.
It’s been a volatile day in GBP/JPY, with the pair rushing down to fresh two-month lows as driven by both GBP weakness and JPY strength. But with prices now finding resistance at a familiar Fibonacci […]
Sterling continues to fall – hitting a five-month low against a resurgent US dollar – after the latest inflation readings came in marginally lower than expected, leaving GBP hawks floundering.
As a strong USD and rising oil prices continue to dominate trading, IG client sentiment data are suggesting weakness for GBP, gold and bitcoin.
The USD-index continues to hold onto its gains amid reduced fears of a trade war between the US and China, while GBP is on the backfoot amid Snap Election chatter.
USD underperforms this morning following as inflation figures disappoints, while GBP as rate hike bets unwind following neutral BoE hold.
Sterling traders will be watching the latest data coming out from the Bank of England policy meeting with added QIR and meeting minutes to help shape GBP trading ahead.
There are two things for GBP traders to watch out for today: comments by Bank of England Governor Mark Carney and the central bank’s UK economic forecasts.
As the US Dollar continues to strengthen, the Euro, the British Pound and Gold are all under pressure.
Oil prices have pulled back from 3 and half year highs ahead of President Trump’s Iran Nuclear Deal announcement. USD surges to fresh 2018 highs, pushing EUR and GBP lower.