British Pound climbs as Hormuz talks stall, US CPI up next

British Pound climbs as Hormuz talks stall, US CPI up next

The Pound Sterling advances during the North American session, up 0.20% as markets digest developments in the Middle East and await crucial inflation data in the United States (US). The GBP/USD trades at 1.3520 after bouncing off daily lows of 1.3483. GBP/USD advances despite a firmer Dollar as Oil jumps, Fed-BoE bets shift, and inflation […]

Modest upside bias against US Dollar as Fed repricing – Rabobank

Modest upside bias against US Dollar as Fed repricing – Rabobank

Rabıobank’s Senior FX Strategist Jane Foley discusses recent EUR/USD strength, noting it was mainly driven by a softer Dollar after weak United States (US) labour data reduced Federal Reserve (Fed) rate hike expectations. Foley highlights resilient Eurozone data but also growth headwinds and limited appetite for strong Euro appreciation. Rabobank now expects EUR/USD to reach […]

Data-heavy week under global pressure – ING

Data-heavy week under global pressure – ING

ING’s Frantisek Taborsky highlights a busy Central and Eastern Europe calendar with Czech inflation, Turkey’s inflation report and key Polish data, including GDP and core inflation. He notes CEE assets remain driven by global headlines, higher Oil prices and narrowing rate differentials, with EUR/CZK in focus after closing above 24.250 and seen with upside risk […]