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Daily FX Report – Calm Before The Storm?
GBP: The British Pound remained steady this morning after the early release of UK economic data. Positive monthly factory orders and projected GDP growth have boosted the outlook for the UK economy. Financial markets anticipate that the Bank of England (BoE) will lower interest rates just once during the two remaining policy meetings this year. […]
Daily FX Report – Euro Gains Limited
GBP: Yesterday, the British Pound experienced mixed trading as the absence of UK economic data shifted investor focus to the upcoming Autumn Budget. Markets remain concerned that the budget, set to be revealed later this month, may include tax hikes and spending cuts. For now, UK data is scarce, with the next major release being […]
Daily FX Report – Calm Markets
GBP: The British Pound struggled to build on yesterday’s modest gains, continuing its underperformance as markets increasingly believe the Bank of England may speed up its rate-cutting cycle. With limited UK data ahead, traders are looking to tomorrow’s Bank of England Monetary Policy Report Hearings and Friday’s GDP release for further direction. EUR: The Euro […]