British Pound recovers against the Japanese Yen as Bailey strikes a hawkish tone

British Pound recovers against the Japanese Yen as Bailey strikes a hawkish tone

GBP/JPY trims part of its earlier intraday losses on Friday as the British Pound (GBP) draws support from hawkish remarks by Bank of England (BoE) Governor Andrew Bailey. At the time of writing, the cross trades around 214.15 after recovering from an intraday low of 213.59. Speaking in Iceland, BoE Governor Andrew Bailey said that […]

Fed’s Bowman takes aim at Iran war

Fed’s Bowman takes aim at Iran war

Federal Reserve (Fed) Governor Michelle Bowman said progress on lowering inflation has stalled while discussing the economic outlook and monetary policy in a speech at a conference in Iceland on Friday. Bowman claimed that the longer the Iran war continues, the greater the risks to inflation become. Key takeaways: Progress on lowering inflation has stalled. […]

Australian Dollar climbs as improving US-Iran ceasefire hopes pressure US Dollar

Australian Dollar climbs as improving US-Iran ceasefire hopes pressure US Dollar

The AUD/USD pair advances toward the 0.7180 region on Friday as the United States (US) Dollar (USD) remains under pressure amid improving market sentiment linked to renewed hopes for a longer-lasting ceasefire agreement between the US and Iran. Investor sentiment improved after US media reports indicated that Washington and Tehran had reached a memorandum of […]