GBP/USD Down on Omicron Warning
The week starts on the back foot, as fresh Omicron warning in the UK weigh on the Pound, following Friday’s US CPI-fueled rebound
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The week starts on the back foot, as fresh Omicron warning in the UK weigh on the Pound, following Friday’s US CPI-fueled rebound
This was another intense week, during which we saw improved mood around Omicron, risk factors from China, two central banks delivering their policy decisions and new surge in US inflation
Another week with a flurry of news and activity, with German automakers, payment firm Visa and tech giant Intel in the spotlight
The pair is steady today, in appositive week so far, as markets brace higher for higher Consumer Price Index (CPI) in the US
The Kiwi has the opportunity to halt its five-week losing streak, but faces difficulties as we move towards the European open
The Index started the week on the offensive on improved sentiment around Omicron, but it has been facing difficulties since yesterday, as optimism eases and fears around China’s property market resurface
The Italian competition authority announced on Thursday that it had imposed a fine of over € 1.128 billion on the retail and tech giant, for abusing its dominant position
The common currency managed to stage a solid rebound on Wednesday, following a poor weekly start, but today it faces renewed pressure
The Pound dropped to its lowest level since November 2020 against the greenback yesterday, harmed by UK’s tougher Covid rules
The pair started the week on the back foot, but today it rises, as talk of UK lockdowns harm the Pound
The stock of the German automotive giant is down on Tuesday following a strong weekly start, despite encouraging news
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