Fundamental view: Pound formed a rally against greenback in the past week. The BOE has shut the door on negative rates. The Bank of England will continue working on the technicalities of negative rates, but it has also assured investors that the topic is off the table. BOE Governor Andrew Bailey and his colleagues have also raised their [...]
Fundamental view: The British pound initially fell during the course of the week but then turned around to show signs of strength. The US currency has been unable to continue January's modest improvement and faces a test in the week ahead with payrolls on February 5. The UK employment picture, better than expected despite the [...]
Fundamental view: The British pound went back and forth during the course of the trading week. President Joe Biden's fresh energy has been inspiring markets – the freshly inaugurated Commander-in-Chief's efforts to pass his $1.9 trillion stimulus bill and call for unity have boosted markets and weighed on the safe-haven dollar. Prime Minister Boris Johnson is focusing on the appalling mortality [...]
Fundamental view: Pound showed a stronger trend against greenback in the previous week. The BOE has come out of the shadows and supported the pound by all but shelving the option to set sub-zero borrowing costs. The specter of negative rates had been weighing on sterling since the summer but not anymore now. Another positive [...]
