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The pound edged modestly higher verus its peers on Wednesday as investors bet on a potentially hawkish message from the Bank of England this afternoon.
The dollar sank versus its peers on Tuesday morning as investors overlooked last week’s inflation data and bet on ultra-low US for the foreseeable future.
Americans head to the polls today for this year’s US presidential election. Read on to find out what to look out for on election night, and how the outcome could impact the FX market.
This evening’s FOMC meeting looks set to be the main event risk in the currency market this week. Read on to find out how the Fed’s policy announcement could impact the FX market.
US stock markets sold-off sharply yesterday, with investors taking profit ahead of this afternoon’s nonfarm payrolls report. Meanwhile, sterling looked set for its worst weekly performance since mid-June.
All eyes in the FX market today will be on Fed chair Jerome Powell, who will be speaking at the annual Jackson Hole conference of central bankers.
We look ahead to this afternoon’s US nonfarm payrolls report, with indications suggesting that it may well surprise to the downside. Elsewhere, sterling gave up yesterday morning’s gains after comments from BoE Governor Andrew Bailey.
Sterling rose back above the 1.31 level versus the US dollar this morning ahead of Thursday’s Bank of England ‘Super Thursday’ announcement. Meanwhile, the sell-off in the US dollar resumed, as political bickering in Congress continued.
The US dollar eased back against its peers again on Wednesday morning, as investors braced for a dovish tone of communications from the Federal Reserve this evening. Investors will also have one eye on tomorrow’s US and Euro Area Q2 GDP numbers.
Today looks set to be a hectic day in the FX market, with investors awaiting this afternoon’s ECB meeting and US retail sales. Read on to find out more, and see how this morning’s UK labour data impacted the pound.
The latest US labour report came in much stronger-than-expected but the result was a limited reaction in currency markets. Read the full article to find out why and what the real test for the dollar will be.
Investors are bracing for this afternoon’s Bank of England meeting with an increase in the asset purchase programme expected. Plus, elsewhere in the markets, investors remained in a cautious mood, continuing to favour safer currencies over those deemed as high-risk.
