Posts Tagged ‘Oil Prices’
Sterling Tests Key Levels as Global Tensions and Inflation Fears Drive Currency Markets
Markets returned from the UK bank holiday with currency moves still being heavily influenced by three key themes: Middle East tensions, oil prices, and shifting interest rate expectations. The Pound has been trying to push higher against the Euro, but it is once again running into an important resistance area near 1.16. Against the US…
Read MoreCentral Banks Take Centre Stage as Inflation and Oil Risks Keep FX Markets on Edge
GBP – Pound under pressure ahead of Bank of England decision The Pound has started the week under some pressure against most major currencies, although it is holding slightly firmer against the US Dollar. The main focus for markets this week is the Bank of England interest rate decision on Thursday. Markets currently expect the…
Read MoreGBP Struggles Amid Middle East Tensions, Focus Shifts to ECB and Fed Rate Moves
GBP The Pound Sterling started the week on the back foot, weakening against its major peers as market sentiment took a hit. At the time of writing, GBP|USD and GBP|EUR are trading at 1.3098 and 1.1913, respectively. Growing tensions in the Middle East, particularly between Iran and Israel, have sparked concerns. Over the weekend, Israel…
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