Originally updated: 06:55am
Currency Pair: None
Sentiment: Neutral
Market focus:
There is no stand out trade at this early stage of today’s session with pairs trading in relatively tight ranges overnight.
Fundamentals:
The key note to watch for today will be UK CPI (which is expected lower) along with anything Mark Carney says regarding monetary policy. This could see investors sell GBP/USD as a lower inflation number will mean there’s less need for the Bank of England to raise interest rates any time soon.
For now we remain on the sidelines.
Technicals:
None
Currency Pair: None
Sentiment: Neutral
Market focus:
There is no stand out trade at this early stage of today’s session with pairs trading in relatively tight ranges overnight.
Fundamentals:
The key note to watch for today will be UK CPI (which is expected lower) along with anything Mark Carney says regarding monetary policy. This could see investors sell GBP/USD as a lower inflation number will mean there’s less need for the Bank of England to raise interest rates any time soon.
For now we remain on the sidelines.
Technicals:
None
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