GBP/USD is trading a bit weaker amid reduced trading due to the holidays and is eyeing a test of last week’s lows above 1.3000. The rhetoric from Bailey of the BoE and Powell of the Fed is likely to highlight a growing policy divergence between the BoE and the Fed. Despite the absence of UK […]
Tag: BOE
EUR/GBP falls below 0.8300 after ECB
The European Central Bank disappointed investors who expected an aggressive trend, kept rates unchanged and the APP ended after June. An upbeat market mood is also weighing on the underperforming euro, as losses in EUR/USD and EUR/GBP show. The divergence between the BoE and the ECB favors the GBP. On Thursday, the EUR weakened against […]
GBP/JPY pulls back coming back from yearly highs at 164.85
GBP/JPY hit new highs in more than six years on Thursday, eclipsing Wednesday’s high of 164.84 by about a pip. But the pair was unable to sustain a break towards 165.00 despite rising global yields, instead pulling back amid profit taking. The GBP/JPY hit new highs in more than six years on Thursday, eclipsing Wednesday’s […]
GBP/USD slides back below 1.3100
GBP/USD has dipped back below 1.3100 as it weakens alongside the Euro following the ECB policy announcement. The pair remains at risk of falling below 1.3000 amid the risk of further BoE/Fed policy divergence. Although the currency has not been weighted as badly as its Euro counterpart, the dovish slant from the latest ECB policy […]
GBP/USD eyeing March lows at 1.3000
GBP/USD is ending the week with a step back and is aiming for a test of the March lows in the 1.3000 area. The US dollar continues to advance as US yields rise after the Fed’s aggressive statements this week. As the US dollar heads into the end of the week on a firm footing […]
GBP/JPY set for fifth straight day of gains but continues to struggle to break above 162.00
GBP/JPY is poised for a fifth consecutive session of gains, although it continues to struggle to break above 162.00. The yen remains out of favor due to the continued rise in global yields following the aggressive stance from the Fed and ECB this week. But there are doubts that the BoE will live up to […]
It cannot be taken for granted that monetary tools like QE are adequate to address market dysfunction — Huw Pill
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EUR/GBP will plummet to 0.82 in the coming months – ING
The recent weakness of the euro has once again weighed on the EUR/GBP. ING economists expect the cross falls towards the level of 0.82. EUR/GBP can probably continue to bounce around the 0.83-0.84 range “We have a target in the coming months around 0.82, though that may be the extent of the GBP’s move this […]
GBP/JPY rises for fourth session, but fails to hold above 162.00
GBP/JPY was set to gain for the fourth session in a row on Wednesday despite risk aversion, but failed to hold above 162.00. Rising global yields continue to undermine the yen, but subdued jitters from the BoE may limit GBP/JPY’s further upside potential. The GBP/JPY was set to rise for a fourth straight session on […]
GBP/USD stabilizes below 1.3100 ahead of minutes, with bears eyeing a test of 1.3000
GBP/USD has stabilized around 1.3075 and is trading unchanged ahead of the release of the Fed Meeting Minutes. The pair dipped below 1.3100 on Tuesday following the Fed’s hawkish line comments, highlighting the growing divergence in tone with the BoE. Some analysts are calling for a break below 1.3000 as this divergence between banks grows. […]
