Top Currency Pairs Monday 30th October 04:00 UTC GBP/USD: 1.21207 (Last Week: 1.21493) EUR/USD: 1.05605 (Last Week: 1.05760) GBP/EUR: 1.14509 (Last Week: 1.14876) Market News
Pound Sterling The British Pound looks set to remain under pressure against a basket of currencies in the coming days and will require an unexpectedly 'hawkish' Bank of England guidance on Thursday to turn around market sentiment. Ultimately, the Bank of England forms the highlight of the coming week for the British Pound and the risks associated with the event will likely cap any strength in the currency.
Euro The highlight for the Euro in the coming week is the release of Eurozone inflation figures for October. This could help the market firm expectations for the increasingly important December 14 European Central Bank interest rate decision. The rule of thumb is that a strong set of inflation figures raises the odds of the ECB striking a 'hawkish' tone in December, which is supportive of the Euro.
U.S. Dollar The U.S. Dollar seems to be consolidating its recent moves as investors turn to the data and events calendar. For now, the bar for further Dollar strength appears elevated with increasing numbers of analysts saying it will take a bumper payrolls report and an unexpectedly 'hawkish' Federal Reserve to propel the currency higher.
If you require alternative currency pair updates, please get in touch and we can arrange for a personalised weekly newsletter. For other FX enquiries, or to book a demo, please call us on 020 3908 4662, or email us at info@goxchange.co.uk Disclaimer: This is not investment advice; it is for informational purposes only.
Kommentare