GBP/USD Start the Week With Caution
The pair was helped by BoE’s rate hike in Thursday, but dropped on Friday due to better than expected US NFPs and today it stays on the back foot
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The pair was helped by BoE’s rate hike in Thursday, but dropped on Friday due to better than expected US NFPs and today it stays on the back foot
The pair comes from its best week since March 2020 due to the ECB’s hawkishness, but today it drops, in the aftermath of Friday’s better than expected NFPs from the US
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
This past week was extremely busy, with intense banking activity, significant market moves and high-profile earnings
Today's NFP trade ended with a 6.9 pip loss. However, the SL was reduced from 20 pips of risk to 6.9 pips. After the initial kick, volatility declined for a slow grind into the conclusion.
The European Central Bank did not make any changes to its policy on Wednesday, but Ms Lagarde did not rule out rate hikes in 2022, sending the Euro higher
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
Bank of England delivered its second rate increase, as widely expected, following December’s hike that had surprised many investors
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
The US Dollar rallied on the Fed’s monetary tightening prospects last week, having registered its best performance since October against the JPY, but during the current one it declines
Following its two day surge, the pair tries to retain its upbeat mood, ahead of today’s preliminary CPI Inflation from Eurozone and Thursday’s monetary policy decision from the European Central Bank
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