Fundamental view: The British pound traded downside against the US dollar having reached a lowest level of 3 months at 1.3201. The war is the major catalyst in dragging the sterling down. Leaders from all the West’s nations have asked President Vladimir Putin to put a halt to the war, but of no use. On [...]
Fundamental view: Pound had a drop against greenback after three-week bullish trend amid a geopolitical storm in Ukraine. Hawkish Bank of England (BOE) expectations due to hotter UK inflation favored the pound to maintain the bullish trend in the first three weeks of February but it gave up towards the month end, as Russia invaded Ukraine. According [...]
Fundamental view: The British pound stayed on front foot against the greenback during the trading course of the week. Hotter UK inflation and dovish Fed were the major catalysts in driving the quote, Russia-Ukraine crisis that dominated all through the week on financial market had less impact the cable. UK annual inflation rate arrived at [...]
Fundamental view: The UK Pound traded high against the US dollar this week, despite the US dollar strength. The UK pound still remains benefited from the hawkish BoE interest rate decision of last week. The US Bureau of Economic Analysis reported on Thursday that annual inflation, as measured by the Consumer Price Index (CPI) had [...]
