Fundamental Analysis * Hawkish Lift: GBP/JPY continues its downward trend as the Japanese Yen remains buoyed by expectations of a Bank of Japan (BoJ) rate hike. On the data front, preliminary government figures released on Wednesday showed that inflation-adjusted real wages in Japan increased by 0.6% year-over-year in December. Additionally, the previous …
Fundamental Analysis * Yen-tervention Jitters: The GBP/JPY pair has resumed its decline, retreating amid concerns over potential market intervention by Japanese authorities to support the yen. Reports indicate that Japan’s Finance Minister, Katsunobu Kato, issued verbal warnings on Tuesday, stating that the government would take appropriate measures against excessive currency movements, including …
Fundamental Analysis * Doves Drive the Pound: The GBP/JPY pair has declined sharply as growing expectations of a dovish Bank of England (BoE) continue to pressure the pound sterling. BoE Governor Andrew Bailey emphasized that a “gradual” strategy for cutting interest rates remains appropriate, countering market expectations for fewer rate reductions in …
Fundamental Analysis * Dovish Note: The GBP/JPY pair remains steady, edging higher as it is influenced by recent dovish expectations surrounding the Bank of Japan (BoJ). The BoJ maintained its benchmark interest rate at 0.25%, with Governor Ueda offering no clear indication of a potential rate hike in January, contrary to some …
Fundamental Analysis * Flight To Safety: The GBPUSD pair continues its decline in early Asian trading as the US Dollar (USD) strengthens, driven by increased safe-haven demand amid escalating conflict in the Middle East. On Tuesday evening, Iran launched approximately 200 missiles, including ballistic ones, targeting the Israeli capital, Tel Aviv, in …
Fundamental Analysis * Cable Struggle: The pound sterling continues to experience downward pressure as markets speculate about the possibility of two additional interest rate cuts from the Bank of England (BoE) this year. Recently, the BoE reduced interest rates for the first time since March 2020, lowering the bank rate by 0.25 …
Fundamental Analysis * Dovish Statements from Fed and Risk-Off Sentiment: The Pound Sterling experienced significant bearish momentum following the Bank of England’s decision to cut interest rates by 25 basis points, down to 5.00%. Meanwhile, market volatility is rising ahead of the release of crucial Nonfarm Payrolls and Unemployment rate data, alongside …
Fundamental Analysis * Greenback Gloom: The Pound Sterling strengthened against the US Dollar after the recent release of unexpectedly weak U.S. Manufacturing PMI data, which negatively impacted the dollar. The Institute for Supply Management (ISM) reported on Monday that the U.S. manufacturing sector contracted at a faster rate in May. The ISM …
Fundamental Analysis * Renewed Greenback: The pound sterling has fallen against the dollar after robust U.S data, which has led to a resurgence in demand for the greenback. Data released by the US Census Bureau on Thursday indicated that U.S Retail Sales surged by 0.6% month-over-month (MoM) in February, rebounding from a …
ECB & BoE have announced their interest rate decisions, leading to the appreciation of both the euro and the British pound last night The European Central Bank (ECB) and the Bank of England (BoE) have announced their interest rate decisions, leading to the appreciation of both the euro and the British pound …
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