Safety flows are helping support the dollar and yen in European morning trade as risk sentiment turns sour again, with SandP 500 futures now down around 0 points, or 1.0%. The dollar was earlier...
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Cable is puking into the London fix
The pound extended today’s decline to +350 pips and touched 1.0899. There’s now open talk of intervention. This is from a former BOE MPC member:...
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GBP/USD Forex Signal: Drop to 1.200 Likely Ahead of BoE Decision
Bearish View Sell the GBP/USD pair and set a take-profit at 1.2000. Add a stop-loss at 1.2230. Timeline: 1-2 days. Bullish View Set a buy-stop at 1.2200 and a take-profit at 1.2300. Add a...
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The next UK Prime Minister – if its Truss, and not Sunak, BoE rates will rise faster
The race for the PM position came down to the last two during the week: The final is set: It will be Sunak or Truss as the next UK Prime Minister Bloomberg (gated) have polled...
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UK June CPI +9.4% vs +9.3% y/y expected
Prior +9.1% Core CPI +5.8%vs +5.8% y/y expected Prior +5.9% UK consumer inflation rises further in June and this just reaffirms that the reading is on its way towards double-digits, as per the trajectory...
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