Fundamental view: The British pound dropped against the US dollar during the trading course of the week. Monetary policy divergence between the Fed and the BoE weighed heavily on the cable. BOE Governor Andrew Bailey turned down the rate hike expectation of May. On Monday, Bailey said the ‘situation is very volatile’ when asked about [...]
Fundamental view: The British pound gained for the second consecutive week against the greenback, However it is far less than 1.3300 (its 3 week high). The hawkish stance of Fed policymakers weighed on the pound. US Federal Reserve Chair Jerome Powell aggressive speech helped the dollar. Speaking about the economic outlook at the National Association [...]
Fundamental view: Cable managed to portray a uptrend after 3 weeks of downtrend, despite a cautious Bank of England (BOE) rate hike. Ukraine crisis dominated the financial markets, but it did not show any peace talks progress. However, during the first half, Optimism over a probable truce between the two gave sigh of relief to risk-sensitive currencies [...]
Fundamental view: Pound dropped against the US dollar during the trading course of the week. Risk-off wave dominated the week, as Market flocked towards the safe haven US dollar and gold and dumped the higher-yielding currencies such as the pound. The West continued to pressure Russia by threatening to increase economic warfare. Market stayed under [...]
