[ad_1] British Pound Vs US Dollar, Euro, Japanese Yen – Price Setups: BOE rate hike could trigger a minor rebound in GBP/USD. EUR/GBP’s rebound appears to be running out of steam. What is the outlook on key GBP crosses and what are the key levels to watch? Recommended by Manish Jaradi How to Trade the
[ad_1] © Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Samuel Indyk and Rae Wee LONDON (Reuters) – The dollar touched a four-week peak against major peers on Thursday after upbeat labour market data a day earlier, while sterling remained lower after the Bank of
[ad_1] POUND STERLING TALKING POINTS BoE pushes rates to 5.25%. Incoming economic data will be more crucial than ever moving forward. GBP struggles to find a bid post-announcement. Recommended by Warren Venketas Get Your Free GBP Forecast GBP/USD FUNDAMENTAL BACKDROP The Bank of England (BoE) decided to hike interest rates by 25bps (see economic calendar
[ad_1] Here’s a look at how the OIS curve has shifted before and after the BOE policy decision today: It’s not much of a change in general as the BOE continues to allude to the fact that they are going to keep tightening policy further so long as the data suggests so. That is regardless
[ad_1] Share: GBP/JPY stays pressured after reversing from three-week-old ascending resistance line. Downbeat oscillators, fears of BoE’s dovish hike direct sellers toward previous resistance line. Buyers need validation from BoE Governor Andrew Bailey and yearly high marked in July to retake control. GBP/JPY holds lower grounds near 182.00 after snapping a three-day uptrend
[ad_1] Share: GBP/USD remains on the defensive for the third successive day, albeit lacks follow-through. The emergence of some USD dip-buying turns out to be a key factor weighing on the major. The downside seems limited as traders seem reluctant ahead of the BoE meeting on Thursday. The GBP/USD pair struggles to capitalize
[ad_1] Share: The GBP weakened on Tuesday against the USD as the Greenback gained ground against most of its rivals. Ahead of Thursday’s Bank of England (BoE) decision, the weak British made the GBP lose interest while markets await key labour data from the US. Economic data reported on the session from the
[ad_1] Share: GBP/USD edges lower for the second straight day on Tuesday, albeit lacks follow-through. The USD climbs to a fresh multi-week top and turns out to be a key factor exerting pressure. The downside seems limited ahead of the BoE on Thursday and the US NFP report on Friday. The GBP/USD pair
[ad_1] POUND STERLING ANALYSIS & TALKING POINTS BoE expected to hike by 25bps this week. Key EZ and US economic data scheduled with eurozone flash GDO and core inflation in focus today. Current momentum favors neither bulls nor bears. Recommended by Warren Venketas Get Your Free GBP Forecast GBPUSD & EURGBP FUNDAMENTAL BACKDROP The British
[ad_1] MON: Japanese Retail Sales (Jun), Chinese Official PMI (Jul), German Flash GDP (Q2), New Zealand Labour CostIndex (Q2) TUE: RBA Announcement, Chinese Caixin Manufacturing Final PMI (Jul), German/EZ Unemployment Rates (Jul), EZ/UK/US Final Manufacturing PMIs (Jul), US ISM Manufacturing PMI (Jul), New Zealand Jobs Report (Q2) WED: BCB Announcement, US ADP Employment (Jul) THU:
