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Will a less dovish Fed help the dollar rebound? - MarketPulse

Will a less dovish Fed help the dollar rebound? - MarketPulse
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GBP/USD bulls taking on bearish commitments at daily resistance

May 11, 2021 20:06 GMTFXStreet News
GBP/USD stay in charge on Tuesday but bears are lurking.
A significant correction could be on the cards according to the market structure.
GBP/USD is trading higher by 0.26% at the time of writing, adding even to Monday’s strong surge to the upside on relief over the Scottish election results, improved economic forecasts, and lockdown easing measures.
At the time of writing, cable is trading at 1.4154 after travelling from a low of 1.4103 to a high of 1.4167.
The results of the Scottish election, whereby the Scottish National Party did not secure an outright majority, was a let-off for the bulls. ....

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GBP/USD Price Analysis: Sits near multi-month tops, around mid-1.4100s ahead of BoE's Bailey

May 11, 2021 14:06 GMTFXStreet News
GBP/USD edged higher for the third straight session and inched back closer to the overnight highs.
The emergence of some fresh selling around the USD was seen as a key factor lending some support.
The set-up remains in favour of bullish traders and supports prospects for additional near-term gains.
The GBP/USD pair gained some positive traction for the third consecutive session on Tuesday and was last seen hovering just below two-and-half-month tops, around mid-1.4100s.
The intraday uptick was sponsored by the emergence of some fresh selling around the US dollar, which languished near the lowest level since February 25 amid dovish Fed expectations. Even a modest uptick in the US Treasury bond yields and the prevalent risk-off mood failed to lend any support to the safe-haven USD. ....

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Bank of England told to stop buying 'high carbon' bonds

<div class="at-above-post addthis tool" data-url="https://www.metro.us/bank-of-england-told/"></div>LONDON (Reuters) – A group of British members of parliament said on Monday that the Bank of England should stop buying bonds from businesses whose activities accelerate global warming. Britain’s central bank doubled its holdings of corporate bonds to 20 billion pounds ($27 billion) last year as part of efforts to support the economy through […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/bank-of-england-told/"></div><! ....

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