FXMarketAlerts Team
FXMarketAlerts
Published at 06:51 (GMT) 02 Mar
UK Nationwide house prices for Feb -0.1%m/m, vs +0.3% expected; +6.7%y/y vs +6.1% expected.
On FX, little impact on GBP/USD, now at 1.5400-03. With BoE watching house price closely, and the government as well. Likely a hot topic ahead of the May 7 elections.
GBP/USD offers at 1.5450/1.5500. Bids at 1.5380-00, eye any SWF, sovereign, M.E., Asian, M+A related and real money corporate demands on dips. GBP/USD supported by EUR/GBP sales to 7-year lows 0.7235.
GBP/SGD back above key 2.1000 handle. As GBP, GBP/Crosses remain resilient, despite the broadly firmer Greenback - USD/Majors, USD/Regionals. GBP/SGD eye 7-month highs of 2.1060-70 seen on Feb 26, highest level since August 8 2014, 2.1095. GBP/SGD seen in range of 2.05-2.15 on the wide. USD/SGD at 1.3635-40, near the 4-year 6-month highs 1.3657. Eye any MAS rumours of rallies ahead of 1.37 handle. bids at 1.3580-00.
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