Share: GBP/USD hits 12-week high amid positive data The Pound Sterling (GBP) advances to a new 12-week high against the US Dollar (USD) courtesy of better-than-expected data revealed on Thursday, which sparked a sell-off of Gilts; consequently, UK bond yields rose. The GBP/USD is trading at 1.2606 after hitting a high of 1.2615.
US Dollar Forecast (DXY), USD/JPY – Prices, Charts, and Analysis 10-year US Treasury yields a whisker away from 5.0%. Chair Powell speaks at the Economic Club of New York. USD/JPY remains below 150.00. Download our Brand New Q4 US Dollar Outlook Recommended by Nick Cawley Get Your Free USD Forecast Sellers are in complete control
Alongside the surge in USD/JPY Japanese authorities have insisted, over and over again, that the rate should trade in a stable fashion ‘driven by fundamentals’. And over and over again the market has insisted that a 500+ or so bp differential between US and Japanese rates are a solid fundamental. The IMF have weighed in,
Need to be pragmatic and keep an open mind Perseverance is now key given the time needed for full transmission of policy French inflation is falling even without a recession Our growing confidence in inflation moving towards the 2% target is based on good transmission of policy Well, I’d like to chip in by saying
