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Share: BOE’s Governor Bailey said they would be watching inflation “very carefully.” UK health officials noted that local vaccines are effective against the Indian strain. GBP/USD is neutral in the near-term, but bulls hold the grip. The GBP/USD pair ended Monday little changed in the 1.4150 price zone, up from a daily low of 1.4111. The advance was a result of a weaker dollar, which in turn followed the lead of US government bond yields. Good news coming from the UK did not reach the FX board. Still, the UK reported that the number of shoppers across the kingdom was up 1.1% in the w...

Share: A better market mood helped the EUR trim its post-FOMC losses. US Treasury yields were sharply down, backing stocks’ recovery. EUR/USD trades near May’s high with a limited bullish momentum in the near-term. The EUR/USD pair recovered the ground lost after the Fed Meeting’s Minutes, trading by the end of Thursday around the 1.2215 level. The market shrugged off the dismal mood ever since the day started, as most Asian indexes closed in the green, leading to gains among their European and American counterparts. Government bond yields retreated from weekly highs, adding pressure o...

Share: UK Brexit Minister David Frost recognized that the UK failed to secure the wanted agreement. UK Retail Sales are foreseen surging a whopping 36.8% YoY in April. GBP/USD continues to depend on how investors see US inflation developments. The GBP/USD pair bounced back, and trades near a daily high of 1.4189 as demand for the dollar receded. The market continues trading according to expectations of rising inflationary pressures in the US and how those could affect the Federal Reserve monetary policy. The favourite measures are government bond yields, which soared with FOMC Minutes on We...

Share: The UK’s unemployment rate unexpectedly fell to 4.8% in the three months to March. UK annual inflation is expected to have recovered to 1.4% YoY in April. GBP/USD positive momentum set to continue in the near-term. The GBP/USD pair surged to 1.4219 on the back of the persistent dollar’s weakness and better than expected UK data. The kingdom published the ILO unemployment rate for the three months to March, which contracted to 4.8% vs the steady 4.9% expected. Also, the Claimant Count Change fell by 15.1K in April, much better than the 25.6K increase expected. The pair´s positive ...

Share: US weekly unemployment claims dropped to 473K in the week ended May 7. The focus shifts to US Retail Sales to be out this Friday. EUR/USD is technically bearish and could challenge the 1.2000 level. The EUR/USD pair finished Thursday with modest losses around the 1.2080 level, as the greenback retained its strength despite an improved market’s mood. The American dollar advanced during the first half of the day, as global equities remained on the losing side while government bond yields advanced on the back of mounting concerns about rising US inflation. However, encouraging US data ...