Fundamental view: The British pound has shown a rally during the course of the week but gave back a lot of the gains on Friday and was trading at 1.3800 level at week closing. The risk event will be the Bank of England MPR, where the central bank is expected to upgrade its economic projections with a [...]
Fundamental view: The British pound has initially tried to rally during the last week but from Wednesday it gave up against the safe haven dollar. The upbeat market sentiment and optimism about Britain's vaccines have been effected by concerns about the virus and a hesitant market mood. The world seem to be concerned about India's record [...]
Fundamental view: The British pound rallied a bit during the week. Pound has managed to edge higher amid the UK reopening and dollar weakness. Apart from Covid news, Pound is set to rock in response to a series of top-tier UK data points. The main dollar drivers came from critical data points. In the meantime, Jerome Powell, Chairman of [...]
Fundamental view: The pound has somewhat rallied a bit during the trading week to reach towards the 1.37 handle and then turned around and showed signs of weakness. The dollar has won the contest against the pound – profit-taking and vaccine issues have weighed on the pound more than Fed-related vulnerability has hurt the greenback. Prime Minister [...]
