Fundamental view: The British pound has taken the advantage of dollar weakness in the past week but could not take full advantage due to rising UK covid cases. Fed officials have taken a long list to the stage while repeating the same message that the rise in inflation is transitory while economy has a long way [...]
Fundamental view: The British pound has rallied during the course of the trading week. The market is continuing trading depending on the expectations of rising inflationary pressures in the US and how those may affect the Federal Reserve monetary policy while uncertainty about the UK reopening played a role in moving the pound. The UK has loosened many [...]
Fundamental view: The British pound showed a strong trend against the greenback in the previous week. Pound benefited from the UK reopening and favorable data. On the other hand, The news that Fed be forced to tighten its policy prematurely and robust inflation figures supported the greenback. In the UK, Prime Minister Boris Johnson made [...]
Fundamental view: Pound trades stronger against the greenback in the previous week. The Bank of England monetary policy tweak has helped the pound to push up and the concerns about the weakness in the US economy have kept the dollar from rising up. BOE upgraded its economic forecasts as Britain's successful vaccination campaign boosts the economy. Infections continue falling, [...]
