The pound sterling #MUFGToUseBlockchainForJGBSettlement #ZerohashSaysOCCReturnedTrustBankApplication moves away from a 4-week high ahead of UK economic growth data
The pound sterling fell in the European session on Thursday against a basket of global currencies, continuing its losses for the second consecutive day versus the US dollar, retreating from its highest level in four weeks, as correction and profit-taking persist. This comes alongside renewed investor focus on buying the US currency as a safe haven, due to ongoing disagreements and the complex negotiations between the United States and Iran regarding the Strait of Hormuz.
Rising oil prices are reigniting inflationary pressures on the monetary policy makers at the Bank of England, and boosting expectations for a hike in UK interest rates next September. To reprice these expectations, investors later today will be watching for the release of UK economic growth data.$TRUMP
$XAU
#USJulyCPI&PPIDueThisWeek #USJulyCPI&PPIDueThisWeek
The pound sterling fell in the European session on Thursday against a basket of global currencies, continuing its losses for the second consecutive day versus the US dollar, retreating from its highest level in four weeks, as correction and profit-taking persist. This comes alongside renewed investor focus on buying the US currency as a safe haven, due to ongoing disagreements and the complex negotiations between the United States and Iran regarding the Strait of Hormuz.
Rising oil prices are reigniting inflationary pressures on the monetary policy makers at the Bank of England, and boosting expectations for a hike in UK interest rates next September. To reprice these expectations, investors later today will be watching for the release of UK economic growth data.$TRUMP
$XAU
#USJulyCPI&PPIDueThisWeek #USJulyCPI&PPIDueThisWeek