GBP Price Forecast: Pound Tentative as Key UK & US Data Looms
GBP prices are marginally higher this Monday morning but traders remain cautious ahead of UK and US inflation data. BoE and Fed officials in focus today.
GBP prices are marginally higher this Monday morning but traders remain cautious ahead of UK and US inflation data. BoE and Fed officials in focus today.
A strong end to the week with risk markets popping higher going into the weekend. The VIX ‘fear gauge’ fell by over 7% on Friday and is back testing lows last see in mid-September.
EUR/USD prices enter the week facing multiple economic data reports including US and euro area CPI.
Bank of Canada Deputy Governor issues hawkish message but CAD slide continues. What do the technicals tell us?
Fed Chair Powell reminded the market yesterday that the US central bank would hike interest rates again if needed, while Thursday’s US long-bond auction misfired badly
Outlook on FTSE 100, S&P 500 and Russell 2000 as Fed Chair Jerome Powell states that that it is too early to definitely announce the conclusion of the central bank’s hiking cycle.
The RBA discussed a pause during the November meeting but decided a hike would provide more assurance on inflation. Latest forecast suggests room for one more hike
GBP prices depreciated marginally against the USD after UK GDP highlighted the tough environment facing the UK economy.
WTI crude oil prices are edging toward the $75.00 level.. Israel's decision to enact a cease fire for humanitarian aid has reduced geopolitical risks in the Middle East, exacerbating downward pressure in the energy market.
The U.S. dollar rallies on rising U.S. yields and hawkish comments from the Federal Reserve chairman, complicating the outlook for the euro, Japanese yen and Australian dollar.