Fundamental view: The British pound rallied against the greenback in this week. The major reason are Brexit calm and clearer Fed path. The soothing news from Brexit has helped send sterling higher. Alongside a moderate tapering path from the Fed, inflation concerns failed to stop cable's climb. UK inflation stands out, as it could determine [...]
Fundamental view: Pound showed a uptrend against the US dollar in this week. The US economy has made a gain of just 194,000 jobs in September which is far worse than expectation of 500K. Despite, upward revisions and soft gains in leisure and hospitality – related to the spread of the Delta covid variant made [...]
Fundamental view: The British pound has fell against the greenback during the course of the trading week. Fed Reserve Powell’s comments has supported the US dollar. US 10-year Treasury yields hit 1.50% in this week . Another concern which has temporarily supported the safe-haven dollar was the fear that the US would default on its [...]
Fundamental view: British pound tried to rally initially but later fell during the course of the trading week. In this week, Two meetings indicated that the Bank of England (BOE) and the Fed are moving to cutdown and then end with their extraordinary bond purchases. These programs have kept sovereign and commercial interest rates near [...]
