Forex Market: GBP/USD extends gains as Sterling disregards political noise, Dollar weakens ahead of FOMC meeting

April 26, 2021 9:33 am
GBP/USD extended last Friday’s gains on Monday, as the British currency disregarded political noise from allegations against the UK’s Conservative government, while CFTC futures data showed market players were still bullish on the Sterling. UK PM Boris Johnson has faced a multitude of allegations in the media related to matters such as the way his […] Read more

Forex Market: AUD/USD hits a fresh one-month high as RBA expects “above-trend” economic growth this year

April 20, 2021 8:40 am
AUD/USD, a liquid proxy for risk, extended yesterday’s gains and registered a fresh one-month high on Tuesday, after the minutes from the Reserve Bank of Australia’s meeting in April revealed policy makers expected a stronger economic rebound from the coronavirus pandemic. Rising commodity prices provided additional support. The RBA said that it expected an “above-trend” […] Read more

Forex Market: GBP/USD hits a fresh two-week peak on UK’s vaccine roll-out success, improved risk sentiment, weaker dollar

April 19, 2021 9:21 am
GBP/USD extended last week’s gains and registered a fresh two-week peak on Monday, as the Sterling drew support from a partial re-opening of the UK economy and improving investor risk sentiment, while the US Dollar remained pinned near one-month lows. The Pound’s positive sentiment was underpinned by the latest data surrounding the UK’s vaccination campaign. […] Read more

Forex Market: GBP/USD rebounds from a nine-week low, dollar takes a breather ahead of CPI inflation data

April 12, 2021 9:28 am
GBP/USD bounced from a nine-week low on Monday, which it hit during the late phase of the Asian session due to blood clot concerns surrounding AstraZeneca’s COVID-19 vaccine, which is considered key for the United Kingdom’s aggressive vaccination campaign. However, the Sterling is likely to see short-term support as restrictive measures in the UK are […] Read more