Fundamental view: Pound has initially rallied against the greenback but later fell closing with a weekly bear candle. In US inflation has eased. Easing inflation allows Federal Reserve Chair Jerome Powell to insist that price rises are transitory and potentially delay the bank's taper decision. UK Prime Minister Boris Johnson made a shuffling in his [...]
Fundamental view: Pound traded low against the greenback this week. Prime Minister Boris Johnson’s made a proposal of12 billion sterling tax increase which is designed to help the National Health Service and might help the way for a change in policy from the Bank of England (BOE) Whereas the threat of the Covid-19 delta variant [...]
Fundamental view: Pound closed the week with a bullish candle but did not make out much with the Dollar sell-off. As far the employment report is considered, US Nonfarm Payrolls figures fell well short of already-lowered projections, coming out at only 235,000 positions gained in August. On the other side for pond, Brexit-related shortages on [...]
Fundamental view: Pound has shown an uptrend against the greenback. Two main reasons behind the greenback downtrend are the signals from the Federal Reserve. Firstly Dallas Fed President Robert Kaplan showed readiness on considering tapering the bank's $120 billion/month bond-buying scheme as a response to the Delta COVID-19 variant. And next is the bank announcement [...]
