Fundamental view: The British pound has went back and forth against the greenback during the trading course of the week. As far as central banks are concerned, It is expected that the Fed will double the pace of tapering to $30 billion a month. US policymakers will keep rates on hold, but pulling off support programs is [...]
Fundamental view: The British pound traded downside against the greenback. Fed’s Hawkish stance and Omicron variant worries seem to favor the US dollar. The Fed had signaled that it is ready to accelerate its tapering process. A faster reduction of bond-buys implies borrowing costs would move higher earlier than expected, perhaps in May. This hawkish [...]
Fundamental view: The British pound started this week with a bearish trend as greenback continued to gain strength due to rising US Treasury bond yields. But ahead of the weekend, the risk aversion market sentiment led to a sharp drop in yields and helping the pound to erase a small portion of its weekly losses. [...]
Fundamental view: Pound managed to overcome the downtrend and traded high against the greenback. Although Brexit talks impacted the cable, it took advantage of improved market mood which weighed on the US dollar. Drop in UK jobless claims in October and rise of inflation to 4.2% YoY in October, higher than the 3.9% forecast by [...]
