British Pound Falls Back Into Red As Dollar Fights Back, Central Bank Speakers Eyed
Sterling bulls had a reasonable start to trade Thursday but couldn’t hold on as the session’s US data came in
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Sterling bulls had a reasonable start to trade Thursday but couldn’t hold on as the session’s US data came in
The Japanese Yen has been more stable than most in the face of a broadly stronger Dollar, with the prospect of tighter BoJ policy underpinning it
GBP/USD is like all other major pairs focused on the extent to which the Fed will underwrite the markets’ new rate-cut views
Both the Federal Reserve and the Bank of England will give their first 2024 rate calls this week. Neither is expected to cut rates, but both may indicate willingness to.
The Pound and the Dollar will both look to their respective central banks this week. Market rate pricing probably poses the biggest risk.