Click the image to enlarge
US markets reopen today after Presidents' Day. The UK Earnings beat (4.7%) has already moved the Pound, and volatility remains elevated as the post-shutdown data catch-up cycle continues. Key triggers ahead: German ZEW at 10:00 am and Canada CPI at 1:30 pm London.
Sterling trades near $1.36, below its late-January peak of $1.387, as markets await key UK data. January CPI is expected at 3.0%, core at 3.1%, while unemployment stands at 5.1%.
Q4 GDP growth of just 0.1% highlights stagnation, while the BoE’s split vote and dovish guidance signal readiness to cut rates despite sticky inflation dynamics.
Bottom Line: Soft growth and dovish BoE tone offset wage resilience, keeping Cable range-bound.
#DAILYANALYSIS #GBPUSD #FOREX #FINANCIALMARKETS #VELDORATRADING
Add comment
Comments