The UK Retail Sales came in at -1.4% MoM in March which is a downside surprise. Brexit issues might come to fore, weighing on the GBP. Fed- BoE divergence in the monetary policy also weighs on the UK sterling. The UK sterling dropped against the US dollar during Friday trading session. The downbeat UK [...]
GBP/USD climbs higher on higher UK CPI. The soaring Uk's inflation has raised the expectation of one more interest rate hike by the BOE in May. Risk on market sentiment has dampened the safe-haven appeal. The Pound edged higher during Thursday trading session. The higher-than-expected declaration of the UK’s inflation boosted the pound. As [...]
If CPI unfolds above or meets the preliminary estimate then it will create hope for one more rate hike from BoE. The market prices with a 72.2% probability that the Fed will hike the fed fund rates by 50 basis points in May. President Volodymyr Zelenskiy said Talks between Ukraine and Russia are confrontational but [...]
Pound climbed against the greenback with investors showing shaky optimism towards diplomatic solution on the Ukraine crisis. Russian oil for imports severely impacted the sterling. Investors keep an eye in the US Consumer Price Index (CPI) numbers, which is due later today. Cable is trading high cheering the much-awaited compromise between the Kremlin and [...]
