Wait-and-see stance holds – Societe Generale

Wait-and-see stance holds – Societe Generale

Societe Generale economist Sam Cartwright analyzes June United Kingdom (UK) inflation, noting headline Consumer Price Index (CPI) at 2.6% year-on-year, below Bank of England (BoE) projections, with core inflation steady at 2.6%. The report highlights fuel-driven disinflation, limited indirect energy effects, and only modest expected core inflation increases. Cartwright forecasts Bank Rate staying at 3.75% […]

Remains below 50-day EMA near the confluence of 1.3400

Remains below 50-day EMA near the confluence of 1.3400

GBP/USD remains steady after four days of losses, trading around 1.3370 during the European hours on Wednesday. The pair is holding a mildly bearish near‑term bias as spot remains capped beneath the 50‑day and nine-day Exponential Moving Averages (EMAs). The 14-day Relative Strength Index (RSI) at 49.56 sits near the neutral line, hinting at consolidative […]

Swiss Franc weakens as risk aversion support US Dollar

Swiss Franc weakens as risk aversion support US Dollar

USD/CHF continues its winning streak for the third successive day, trading around 0.8130 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) receives support from growing risk aversion tied to escalating geopolitical tensions between the United States and Iran. US President Donald Trump downplayed the likelihood of immediate negotiations with […]