GBPUSD Still Faces Significant Brexit-Related Risks
After a 300-pip rally on Tuesday, the GBPUSD is unsurprisingly taking a breather today. Tuesday’s upsurge came on the back of news Theresa May called for a snap general election.
Bank of England
Brexit – Pound Surges On High Court Ruling re Article 50
Forget the Bank of England meeting today, it is all about politics as far as the pound is concerned.
Brexit-Hit Pound Stages Modest Rebound On Manufacturing Surprise
News that the UK manufacturing activity in September hit its highest level since June 2014 has provided a welcome relief for sterling.
Sterling Surges As Resilience Of UK Economy Continues To Surprise (GBPJPY)
The pound took a pounding in the lead up to and aftermath of the June 23 EU referendum. But in recent weeks, it has staged a remarkable recovery, even though the Bank of England has decided to cut interest rates to near zero and restarted QE.
DAX – Golden Cross For German Stocks
Bad news is good news for the markets that rely on central banks’ support. And so it proved again this morning’s as the latest European data disappointed expectations, yet the major stock indices rallied as if everything was just fine.
GBPUSD Forecast July 24, 2014, Technical Analysis
The GBPUSD pair initially tried to rally during the session on Wednesday, but with the Bank of England failing to impress upon the market a bit of a drive to tighten monetary policy, the British pound was in fact sold off later in the day.
Morning Coffee Break
Welcome to Thursday’s Morning Coffee Break – market participants will need to navigate several market directional influences today. The S&P 500 index has gains for 3 straight sessions with today’s futures suggesting a positive open once again.