Fundamental view: GBP/USD has been seeing a rock and roll trend in response to US yields and Jeo Biden’s plan. The main development of the past week has been President Joe Biden's $2.25 trillion infrastructure plan. Treasuries fluctuated and caused jitters which allowed each currency to trade somewhat differently against it. For sterling, that was an [...]
Fundamental view: The British pound fell significantly during the course of the week. Pound has seen to be sliding around dollar strength and concerns is increasing about the UK's vaccination campaign. The greenback is building on infrastructure plans to rise, and more details are due in the upcoming week which supports the dollar. US President Joe Biden [...]
Fundamental view: The British pound has gone back and forth during the course of the week and overall formed a bear candle. The interest rates in America seem to be main culprit in creating a lot of noise. In the previous week, The Fed's dot-plot shows borrowing costs will rise only in 2024.The dovish approach sent the [...]
Fundamental view: The British pound tried to rally against the greenback in the previous week. During this week, The US conducted three bond auctions and all were calmer than some had feared. Robust demand for US debt helped temporarily pushes returns lower, weighing on the dollar. However, expectations for strong growth in the world's largest economy meant that the [...]
