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Articles tagged with "eur-gbp"

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Pound forecast: UK political instability vs Japan stability

UK assets are in focus, but for all the wrong reasons as calls for Keir Starmer to resign grows louder. So far, though, the GBP/USD has held its own rather well and the FTSE 100 has remained near record levels. Perhaps that’s only because of the ongoing risk rally across global markets, where stock indices are finding renewed support and the dollar coming under pressure. When you look at some of the pound crosses, that’s where you see the relative weakness.

Fawad Razaqzada
Fawad Razaqzada

EUR/USD, EUR/GBP analysis: European open – 31/08/2023

With the US dollar having fallen for three days ahead of today's PCE inflation report, we're going to need to see some soft numbers for the US dollar to move materially lower from here. So could that could leave an upside surprise and subsequent rally for the US dollar if inflation is hotter than liked? Either way, 1.0900 is likely to be pivotal level for EUR/USD today, and a host of European data points also puts EUR/GBP into focus ahead of the inflation report.

DAX futures lower on US credit ratings downgrade: European open – 2nd August 2023

The US had their credit rating downgraded for their second time in history by Fitch on Tuesday night, although the relatively muted market reaction suggests there may not be much of a bearish follow-through. With that said, perhaps Asian trade is not quite sure what to make of the headline and we’ll see the real commotion in today’s European and US sessions.

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