Sales volume in the UK in January rose 1.9% better than the forecast and the prior data, favoring the pound. The recent headline "President Biden has “agreed in principle” to meet the Russian leader if there is no invasion" has improved Market sentiment. Central Bank speeches remain on traders radars, with rate hike expectation from [...]
The FOMC minutes failed to underscore the possibility of a 50bps hike at the March meeting, weighs on US Dollar. There are plenty of risk-off Russia - Ukraine headlines which could help the safe haven - USD. The rate hike expectation from BoE and upbeat CPI data favors the sterling. Pound edged higher against [...]
Employment data released on Friday which beat the expectation with huge difference favored the US dollar. Brexit issue and the UK politics also weigh on the Cable. Investors now await US inflation data on Thursday. The British pound dropped against the greenback during Monday trading session. The US employment job data released on Friday, [...]
Hawkish sentiment surrounding BOE favors the Sterling. St. Louis Federal Reserve President James Bullard sounded cautious on rate hike after May , weighs on US dollar. Upbeat economic data favors the uptrend of Cable. Cable is trading high with upbeat economic data and hawkish sentiment surrounding BoE favoring the pound. Rate hike expectation from [...]
