Fundamental view: Pound has been trading high against greenback in the past week. GBP/USD as much of the post-FOMC hawkish excitement faded. The recent meeting of BOE provided little in the way of surprises with policy tools left unchanged on the other hand, the outgoing Chief Economist, Andy Haldane, had once again been the only [...]
Fundamental view: The British pound has broken down significantly during the couse of the week. The main focus shifted to the Bank of England, which puts pressure on economic optimism and the spread of the Delta covid variant. On the other hand, The Federal Reserve shocked markets by signalling two rate hikes in 2023, opposite [...]
Fundamental view: Pound traded low against dollar in the current week. UK Prime Minister Boris Johnson is set to announce a four-week delay to the last stage of the reopening. July 19 is the new June 21. This acted as a major catalyst in the pound weakening. Britain Halifax HPI yearly report on 7th June [...]
Fundamental view: Pound has suffered by some favorable Macro US data and concerns about Britain's reopening. Words by Philadelphia Fed President Patrick Harker that this is the time to think of thinking of tapering, these were part of the mix sending the dollar higher. There seems to be growing support to reduce the pace of dollar printing at [...]
