Stay updated with breaking news from March Fed. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
GBP/USD had a rough week indeed, as bulls finally gave up their three-week-long hold amid a geopolitical storm in Ukraine. Hawkish Bank of England (BO
Uncertainty is at its Highest Level Since March 2020. The Russia/Ukraine war has injected a tremendous amount of uncertainty in the global growth and policy outlook, which has been reflected in a period of heightened volatility post-invasion of Ukraine on February 23.
While the Russian invasion of Ukraine will cause short-term volatility, market participants said investors need to equally watch for some of the domestic factors including state elections and the upcoming initial offering of Life Insurance Corp. But they advised against panic.
EUR/USD remains supported despite an escalation in geopolitical risks. Russia-Ukraine invasion forces US and the EU to retaliate.
GBP/USD is heading into a fresh week on the front foot, having booked three straight weekly gains. The high-beta British pound remained resilient to t