British Pound Inches Back Up As Markets Increasingly Bet On June Fed Cuts
GBP/USD has been mostly about the Dollar on Monday, although some modest good news out of the UK is likely still helping.
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GBP/USD has been mostly about the Dollar on Monday, although some modest good news out of the UK is likely still helping.
US CPI has ticked up unexpectedly, if not yet to the sort of levels which might cause the market to seriously rethink its rate-cut bets
The Yen is gaining as investors scent not only lower US interest rates but also, just possibly, higher Japanese ones
The Japanese authorities appear more wary of involvement in FX markets than they once were, but entrenched Yen weakness may see it back in play.
The last few sessions have seen data showing the UK in recession, and some more hopeful signs that it might already be coming out. There’s less to look forward to this week, but that might not be bad news for Sterling.