Page 5 - Sentiment Data News Today

GBP prices slumped on Tuesday morning as China’s economic growth concerns were heightened by a decline in services activity.

USD/JPY, GBP/JPY post recovery in the Asian session as BoJ Board member Tamura spoke. His comments were largely construed as dovish in nature and added renewed selling pressure on the Yen. Where to Next?

GBP prices remain elevated as US GDP & ADP employment change data could hint at a slowing US economy.

GBP/USD & EUR/GBP prices show pound resilience as markets keenly await US and euro data for guidance.

GBP/USD & EUR/GBP crosses could be setting up for additional pound vigor ahead of the Jackson Hole Economic Symposium.

GBP prices have gained traction after the UK CPI report surprised to the upside on several metrics.

UK unemployment rises to levels last seen in late 2021. Average earnings touted as key by the BOE smashed estimates and is likely to add pressure on the Central Bank to keep its foot on the rate hike pedal.

AUD/USD may experience a short-term bounce following comments by the RBA Governor. The medium-term picture leaves the Australian Dollar looking vulnerable from both a technical and macro perspective.

The Yen has suffered this week and is on course for a fourth successive day of losses to both the Greenback and the GBP. Key Levels analyzed and price action setups broken down.

GBP/USD remains under pressure despite the BoE hiking rates by 25bps. The dovish slant to the announcement added to risk off sentiment, keeping cable subdued.