Fundamental view: Pound traded low this week. Fed's meeting minutes from the July meeting portrays a growing trend toward reducing the bank's bond-buying scheme already in 2021.After media reports, the media report came about an upcoming announcement in September, which helped the dollar to rise. Increasing coronavirus cases gained importance after America reported some 250,000 [...]
Fundamental view: Pound has declined against the greenback but closed slightly below the open price. Monetary policy of Bank of England (BOE) is cautious and not about to change until it is clear that the pandemic is no longer a threat to the economy. This might last through the winter flu season. Consumer prices are [...]
Fundamental view: Pound has bounced back to forth in the last week which is largely because of the BOE and Nonfarm Payrolls. Bank of England has left its policy unchanged, by refraining from tapering and labeled inflation as transitory. Michael Saunders, was the only one member who voted in favor of tapering down the BOE's [...]
Fundamental view: The British pound has rallied significantly against greenback during the course of the week. The improving coronavirus situation in the UK, a strengthening economy and rising inflation has extended helping hand towards pound against greenback. On the other hand, US central bank left its monetary policy unchanged which was expected. In his press [...]
