GBP/USD Cautious after Thursday’s BoE-Fueled Plunge, Ahead of US NFPs
The pair tries to catch a breath, following its worst day in two years, due to the Bank of England gloomy economic outlook
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The pair tries to catch a breath, following its worst day in two years, due to the Bank of England gloomy economic outlook
The pair moved higher on Wednesday after the Fed’s well-telegraphed rate hike, but faces pressure today, as markets turn their attention to Friday’s employment report form the US
The pair made a poor start to the month, but finds support today, as markets brace for the monetary policy decisions by the US Fed and the Bank of England
The Reserve Bank of Australia (RBA) increased interest rates by 25 basis points today, delivering the first hike since November 2010, in a backdrop of surging inflation
The pair jumped to fresh twenty year highs today, after the Bank of Japan stayed dovish, running its eight straight profitable week
Until fundamentals change on the ground, the dollar has the perfect storm of support.
The pair comes under renewed pressure during the European hours and hits the lowest levels since April 2017, running its fifth straight losing day
The pair moves to the offensive, as today’s data showed a surge in the Consumer Price Index during the first quarter of the year
Yesterday, the EURUSD ended the day lower. Bears threaten to follow through today.
EURUSD reacts positively to hawkish comments.
The pair reacted lower to today’s data that showed CPI Inflation figures missing estimates, despite jumping to 30+ year highs, but finds support during the European session
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