While the UK is in a deep economic crisis, there are brighter spots ahead. What are the implications for the GBP?
Tag - gbp
Rising yields, potential US tax hikes, and inflation fears worry investors. As a result, the market sentiment is risk-off. Stocks are falling, while the USD and the JPY are edging higher.
The risk sentiment in the market turns red after more European countries impose new measures to curb surging Covid cases
PMI reports from the EU, the UK, and the USA will be released during the whole day on March 24, to the delight of traders.
Will the US dollar be able to keep strengthening? What is the outlook for EUR/USD, oil, and S&P 500? Watch the weekly video to find out!
The Fed pledged to keep near-zero rates at least through 2023. The dovish message pressed down the US dollar. As a result, EUR/USD and GBP/USD surged.
The market optimism waned ahead of the Fed meeting: stock indices dropped, gold and the USD rose.
Deutsche Bank has raised its growth forecasts for the UK for the current year. It will drive GBP/USD further up!
The Forex market is volatile and a bit indecisive this Tuesday but we have the S&P finally opening the way to 4000 as it managed to cross the resistance of 3960!
Bank of England announces the rate and the monetary policy report on March 18, at 14:00 MT time.
So many meetings are going to move the currencies!
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