Pound Sterling (GBP)

GBPUSD tests supply area The pound climbs as solid payrolls support the Bank of England's first post-pandemic interest rate hike. A series of higher highs have prompted sellers to cover their bets. The pair is now testing the supply…
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A consensus seems to be forming that the BOE could raise rates as early as this year. This expectation would weigh on UK stocks, but could substantially support the pound. A good part of this has to do with the shift in rhetoric from the…
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Later today, the EU is holding one of its myriad of leaders' summits. The major issue on the docket is foreign policy, with China relations at the forefront. Most notably, since January 1st foreign policy also includes the relationship…
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Since the last meeting, the indicator we've been tracking to see what the BOE will do next is the employment situation. Governor Bailey has made it clear that the jobs numbers are the key indicator for policy. That's in line with most…
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USDCHF surges on policy divergence The Swiss franc weakens as markets expect growing policy divergence between the SNB and the Federal Reserve. As the Swiss economy almost recovers to its pre-crisis level, keeping the franc from…
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The main takeaway from the last BOE meeting is that they are primarily preoccupied with the employment situation. Inflation in Britain is near the central bank's target, so they are not particularly apprehensive about it in the short…
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