Fundamental view: Pound had a fall against the greenback in this week reaching a fresh 2021 low. This is mainly due to the US dollar strength as investors are pricing a 72% chance of a Federal Reserve rate hike by June 2022. Now the pair's potential recovery depends on Brexit developments. A positive update comes [...]
Fundamental view: The British pound has fallen during the course of the trading week to reach below 1.35 level. The employment figures in the United States were stronger than the anticipation which helped the US dollar. The US Central Bank had kept interest rates unchanged at 0.25% which was widely expected and announced the reduction of [...]
Fundamental view: The British pound has gone back and forth against the greenback during the course of the week. Long term US government bond yields showed decline last week. The benchmark on the 10-year Treasury note fell to 1.51%, while that on the 2-year bond has surged above 0.50%. A narrowing spread usually hints at a rate-hiking [...]
Fundamental view: The British pound went back and forth against the US dollar in this week. The pound received the help from Bank of England Governor Andrew Bailey, who said he is ready to act against rising inflation. His words have contrasted that of other central bankers that have mostly stuck with the say that [...]
