The US dollar has been on the back foot due to Trump. However, it can rebound. Good data so far this week has been promising. Here is their view, courtesy of eFXnews: The market reaction to the Fed says more about market expectations than it does about the statement. The policy statement contained mark-to-market changes [...]
The post USD: Impact Of Recent Round Of Verbal Intervention Set To Fade; NFP A Catalyst – TD appeared first on Forex Crunch.
The Bank of England was predicted to raise growth and inflation forecasts for 2017. The BOE releases its rate decision (no change expected) and the Quarterly Inflation Report which is followed by a press conference by Governor Mark Carney. Previous projections were based on the damage from Brexit, but the economy has performed quite well. In [...]
The post BOE leaves policy unchanged as expected – GBP ticks up appeared first on Forex Crunch.
The British pound looks quite perky ahead of the Bank of England’s “Super Thursday”. Cable has topped 1.27, getting closer to the initial post-Brexit low of 1.2790 seen in June 2016. Sterling is enjoying the weakness of the US dollar following Trump’s actions and inactions. The US president is focused on fighting trade partners rather [...]
The post GBP/USD defies gravity ahead of BOE appeared first on Forex Crunch.
