Page 12 - Sentiment Data News Today

EUR/JPY: The pair is at an interesting point at present with price action giving mixed signals. Price is being squeezed at with the apex of the triangle approaching, a breakout is imminent.

The pound is trading in the green this Tuesday morning ahead of Fed speakers later today.

GBP/USD responded oddly, pushing lower after record levels of UK inflation were released by ONS.

FTSE 100 remains under pressure as investors look for clues on when rate hikes might ease. As UK stocks struggle to gain traction, psychological resistance firms.

GBP/USD remains planted around the 1.15 level while markets keenly await FOMC and BoE rate decisions.

UK labor market surprises to the upside but the UK bond market selloff remains the focus for pound as GBP slides against the USD.

The longer-term downtrend looks to be resuming for GBP/USD as key UK and U.S. economic data points lie ahead next week.

Key services data for the UK and U.S. dominates the economic calendar while PM Liz Truss conference speech aims to restore confidence within her party. Cable tests 1.15.

The last few weeks have been all negative for the markets.

GBP extended losses from last week in what has been an unusual spate of selling during the Asian session as markets mull over loose fiscal policy and GBP/USD tests 1.00.