GBP/USD fades post-Fed rebound amid Brexit woes, pre-BOE anxiety. EU’s legal action over UK’s Brexit move rejuvenates the old and slow play. Fed’s 75 bp move pushes BOE to announce something more than 0.25% rate hike. Second-tier US data, risk catalysts eyed for extra directions. GBP/USD remains mildly offered around 1.2160, despite the latest bounce … Read more
GBP/JPY consolidates the biggest daily fall in a month, probes two-day downturn. Risk-off mood joins Brexit, UK political woes to exert additional downside pressure. BOE vs. BOJ divergence kept buyers hopeful as Japan policymakers showed readiness to intervene. UK’s monthly data, Brexit news will direct immediate immediate moves, risk catalysts are the key. GBP/JPY stays … Read more
EUR/GBP gained some positive traction on Monday, through lacked follow-through buying. The recent hawkish remarks by the ECB policymakers continued lending support to the euro. Rising bets for a jumbo BoE rate hike, a weaker USD benefitted sterling and capped the upside. The EUR/GBP cross attracted some dip-buying near the 0.8485 region on the first … Read more