Fundamental view: The British pound seesawed against the US dollar during the trading course of the week. The Fed Hawkishness and the Omicron woes were the major catalysts behind the movement. Central bank had released the Minutes of its December meeting, that showed policymakers began discussing the reduction of their bonds holding in the upcoming [...]
Fundamental view: The British pound rallied against the greenback during the trading course of the week. The move behind that can be linked to the hopes of fewer hospitalizations due to Omicron variant and month, quarter, and year-end flow. The British pound also had a nice bounce due to the fact that the UK decided [...]
Fundamental view: The British pound attracted ‘buy the dip’ traders and closed high against the greenback during the trading course of the week. The improved market mood could be the rationale behind the move. The reports that the Omicron variant might be less severe than feared helped in easing the worries about the continuous surge [...]
Fundamental view: The British pound initially rallied but later gave up the gains against the US dollar during the trading course of the week. Markets have initially reacted positively to the interest rate hike coming out of the Bank of England outweighing Omicron's fears but have wiped out all of those gains from Thursday. The [...]
