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GBP/USD Weekly Forecast: Sterling s shots in the arm, Fed may outweigh dollar enthusiasmANALYSIS |
4/2/2021 3:12:04 PM GMT
GBP/USD has been rocking and rolling in response to US yields.
Britain s vaccine advantage, the Fed minutes, may allow the currency pair to rise.
Early April s daily chart is painting a mixed picture.
The FX Poll is pointing to gains on all timeframes.
Is Biden s boost dollar positive or negative for the dollar? The debate continues while US yields remain in the driver s seat. Britain s vaccination campaign s better results and the Fed s meeting minutes stand out in the post-Easter week.
This week in GBP/USD: Tyranny of Treasuries (again)
Gone is former President
Donald Trump s saber-rattling against China. In its place is a policy that will be competitive where it should be, collaborative where it can be but only adversarial where it must be.
Where Trump and his Treasury leader, Steven Mnuchin, used their pulpit not only to pick fights with traditional adversaries like China but also traditional allies such as Germany, Yellen countered with America first must never mean America alone.
And while the past administration paid generally little heed to issues like diversity and climate change, Yellen said both are at the center of not only the U.S. social agenda but also its economic one.
Mon, 04/05/2021 - 1:13pm tim
by Timothy McQuiston, Vermont Business Magazine Regular weekly unemployment claims nearly doubled last week as claimants were required to refile. Labor Commissioner Michael Harrington said on Friday that the pandemic hit one year ago. The annual refiling then triggered the increase.
On March 28, 2020, the Labor Department reported 1,511 new weekly filings, an increase of 729. This week s filings, which are a recent high, are, however, 13,122 fewer than the same time last year.
Nationally, claims unexpectedly rose back over 700,000. These remain historically high numbers.
Weekly UI Report
Regular weekly UI claims in Vermont had been edging down since late January. Governor Scott signed the Executive Order March 13, 2020 and closed restaurants and bars after lunch on March 17.