Fundamental view: The British pound edged higher against the US dollar during the trading course of the week. US dollar weakness and the Rate hike from BoE are the major catalysts underpinning the move of the quote. The US Central bank policymakers diluted expectations of a hefty 50 basis points hike in March even with inflation [...]
Fundamental view: Pound traded low against the US dollar. US Central bank’s monetary policy announcement was the major catalyst in deciding the move of the pair this week. Federal bank has meet the expectation by keeping the rates and tapering unchanged and repeated that pandemic related financial support will end in March. The Fed Chairman [...]
Fundamental view: The British pound gave up gains this week and suffered due to recent strength of the US dollar. The US dollar gained strength due to many reasons like Federal Reserve decision and Worries about China also adds to the gloomy sentiment favoring the USD. Russia-Ukraine tensions exacerbated worries in turn favoring the safe [...]
Fundamental view: The British pound showed an uptrend against the greenback in this week, the catalyst behind this move is the US inflation. The greenback fell after inflation came at 7% YoY – the highest since 1982, while prospects of higher interest rates favor the underlying currency, the dollar reacted differently. The main reason is [...]
