GBP/USD Advances on BoE Talk, USD Weakness
The pair starts the week on the offensive, helped by supportive BoE commentary and the greenback's slide, as market expectations around the Fed settle down
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The pair starts the week on the offensive, helped by supportive BoE commentary and the greenback's slide, as market expectations around the Fed settle down
Two prominent hawks poured cold water on market bets for 1% rate increase and the pair backs-off today, from Thursday’s twenty-four year highs
Wednesday’s new inflation surge in the US has led to a hawkish repricing by markets for the Fed’s next rate move, but the pair shows resiliency and tries to defend parity
The BoC surprised with a 100bps hike. The market was expecting 75bps, which was already a pivot from an earlier expectation of 50bps.
EURUSD hit parity earlier in the day. However, the underlying fundamentals may drive it even lower.
The pair extends its decline, as the Dollar’s appeal remains high amidst poor sentiment and favorable monetary policy differential
The governing Liberal Democratic Party is set to expand its majority in the Upper House, after Sunday’s elections, with USD/JPY breaking fresh ground today
Fears of recession have caused the pair to plunge this week, while Fed officials pressed on the tightening front, with hawkish comments
The GBPUSD is bid as the market prepares for PM Boris Johnson's official resignation announcement.
FXCM Senior Market Specialists, Russ and Nik, discuss the drop in EURUSD and the prospect of the currency pair reaching parity.
The pair dropped to the lowest levels since the height of the pandemic on Wednesday, hurt by recession fears and renewed political uncertainty in the UK
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