Fundamental view: The British pound dropped against the greenback during the trading course of this week. The monetary policy divergence between the Fed and BOE is the major catalyst weighing on the pound. The greenback was the most sought-after currency with aggressive Fed rate hike expectations, with the CME’s FedWatch tool showing a 96.5% probability [...]
Fundamental view: The British pound dropped heavily against its US counterpart during this week. The risk off market mood and the Fed-BoE monetary policy divergence were the market movers of the week. A lack of progress on the Russia-Ukraine diplomacy front weighed on the investors sentiment favoring safe-haven dollar. Meanwhile hawkish fed also underpinned the [...]
Fundamental view: The Britain pound traded up against the US dollar during the trading course of the week, However Broad US dollar strength did not allow pound to gain much. The risk averse market sentiment due to Russia- Ukraine conflict and the hawkish Fed helped the US dollar. US Federal Reserve officials reiterated a 50 [...]
Fundamental view: The British pound booked loss against the US dollar amid hawkish Fed-driven and risk-averse market sentiment. The risk-off flows and the dollar’s demand remained the central narrative this week which pushed the pound to book losses. Fed March meeting’s minutes delivered a hawkish surprise. The minutes revealed that the board members outlined plans [...]
