GBP/USD: Modest gains to develop on the back of a broader rebound in global risk sentiment – Scotiabank
The Pound Sterling (GBP) started the year on a firm note, outperforming most of its major currency peers.
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The Pound Sterling (GBP) started the year on a firm note, outperforming most of its major currency peers.
US Treasury bond yields climbed on Tuesday following a red-hot inflation report that pushed out market expectations for a Federal Reserve’s rate cut.
Bank of Japan (BoJ) Governor Kazuo Ueda said on Friday, “chances are high for accommodative conditions to stay even if negative rates are abandoned.” Additional quotes Will pay heed to the health of BOJ balance sheet if exit from stimulus policy draws near.
The Japanese Yen (JPY) is seen oscillating in a narrow range against its American counterpart during the Asian session on Friday and consolidating the previous day's heavy losses to a fresh YTD low.
European Central Bank (ECB) Governing Council member and Bank of France President, Francois Villeroy de Galhau, said on Friday that the central bank “will probably cut rates this year.” His comment comes after his colleague Martins Kazaks noted that he is “not optimistic for Spring rate cuts.” Market reaction EUR/USD is flirting with highs near 1.0780 on the above comments, up 0.05% on the day.