The GBP/USD pair attracts some buying on the first day of a new week and reverses a part of Friday's slide to the 1.2380-1.2375 area, or its lowest le
vel since June. Spot prices currently trade around the 12400 round figure and draw some support from a softer US Dollar , though any meaningful appreciating move still seems elusive.
A generally positive tone around the US equity future fails to assist the safe-haven Greenback to capitalize on its longest weekly winning streak since 2014. The USD downtick could further be attributed to some repositioning trade ahead of this week's key central bank event risk – the outcome of the highly-anticipated two-day FOMC monetary policy meeting starting on Tuesday. The Fed is scheduled to announce its decision on Wednesday and is widely expected to leave interest rates unchanged.
The markets, however, are still pricing in the possibility of one more 25 bps lift-off in November or December. Hence, the market focus will be on the accompanying policy statement and Fed Chair Jerome Powell's remarks at the post-meeting press conference.
In the meantime, diminishing odds for a more aggressive policy tightening by the Bank of England might hold back traders from placing aggressive bullish bets around the British Pound . In fact, BoE Governor Andrew Bailey had told lawmakers that the central bank is now "much nearer" to ending its run of interest rate increases. This, along with reviving recession fears and signs that the UK labour market is cooling, might put pressure on the BoE to pause its rate-hiking cycle.
In the absence of any relevant market-moving economic releases on Monday, the aforementioned fundamental backdrop warrants some caution positioning for any further recovery. Hence, it will be prudent to wait for strong follow-through buying before confirming that the GBP/USD pair has formed a near-term bottom.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
FX weekly — DXY and 14 currency pair levels and targetsThe problem exchange rates in today's markets are located within anchor currencies as EUR/USD, GBP/USD, AUD/USD and NZD/USD. The current prices are fa
続きを読む »
Director Paul Feig on Swapping Gin With King Charles, His ‘Fun Banker’ Style, and the Rolex That Got AwayThe multi-hyphenate behind box-office hits like Bridesmaids talks going analog and trusting his gut.
続きを読む »
Dick Briefer's Weird Science in Rex Dexter of Mars #1, up for AuctionDick Briefer's Rex Dexter of Mars was meant to be a multi-media star, with aspirations for film, radio, merchandise, and syndicated strips.
続きを読む »
Here's the 'triple power play' that may rule stock-market returns and other assets for next 5 yearsLabor's bargaining power, the end of monetary-policy leniency, and struggles between U.S. and China are about to play a major role for multi-asset investors.
続きを読む »
Zane Smith to join Trackhouse Racing. Truck Series champ to start Cup career loan to SpireTruck Series champion Zane Smith has been signed to a multi-year contract with Trackhouse Racing in which he will be loaned to Spire Motorsports for a Cup Series ride in 2024.
続きを読む »