Fundamental view: Pound has been weaker against the greenback in the previous week. Brexit and US fiscal stimulus talk has left GBP/USD marginally lower in a week full of contradictory reports. Corona virus and elections are the major catalysts that will impact the pair in the upcoming week. Britain BRC Retail Sales on 13th October [...]
Fundamental view: British pound initially fell during the week but then turned around to show signs of strength again. Early in the week, US President Donald Trump left the hospital as he recovers from his COVID-19 episode, and abruptly cut off talks with Democrats. However, sinking stocks and tumbling poll figures probably convince the commander-in-chief to change tack, which [...]
Fundamental view: Optimism on Brexit with pessimism on fiscal talks – or the other way around – is what moved GBP/USD, and will likely continue moving forward. PM Johnson's critical weekend phone call, the Fed minutes, UK GDP, and US politics are all eyed. Net Lending to Individuals monthly report on 29th Sept, Britain BRC [...]
Fundamental view: Sterling has lost all of its summer bounce and is threatening to break back into its immediate post-pandemic range. Several factors have withered the appeal of the UK currency but the primary cause has been the risk-avoidance resurgence of the US dollar as the continuing economic impact of COVID-19 makes the August and [...]
