The Pound has been torn between Omicron optimism and Fed hawkishness GBP GBPUSD $GBP $GBPUSD
ing week, featuring all-important US inflation and retail sales data, GDP from the UK and a covid-watch. : The Federal Reserve's meeting minutes from the December decision were decidedly hawkish. Members saw rate hikes coming sooner and at a faster pace – in addition to signaling a potential reduction of the balance sheet. The prospects of withdrawing money from markets sent stocks down and the dollar up.above 1.
: With every day that passes by, there is more evidence that the Omicron COVID-19 variant is less virulent than previous strains such as Delta. The variant is highly contagious, therefore still threatening to overwhelm the National Health Service , but markets are encouraged by the government's reluctance to impose new restrictions.
Moreover, cases in the Greater London area – where Omicron first landed – have begun falling, providing hope that the tsunami would wash away relatively quickly. Politicians are reluctant to announce bad news over the holiday season . Still, such a move becomes more likely ahead of "Blue Monday" – the third Monday of January, which is arguably the most-depressing period of the year.
Growing pressure on hospitals could still force Prime Minister Boris Johnson into another U-turn. That would pound the pound. On the other hand, optimism from London and its surroundings is a ray of light that could help sterling shine. The British economic calendar remains relatively light, yet November's monthly Gross Domestic Product data is set to stir sterling. After posting a meager growth rate of 0.1% in October, output may have increased faster in the following month.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
GBP/USD Forecast: Bearish pressure could increase below 1.3480GBP/USD has reversed its direction after rising to its highest level in nearly two months at 1.3600 late Wednesday as the dollar's market valuation co
Weiterlesen »
GBP/USD hovering between 1.3500-1.3550 levels post-hakwish Fed minutes as traders await Friday’s US jobs reportGBP/USD continues to trade on the back foot on Thursday as the US session gets underway, despite a weaker than expected US December ISM Services PMI s
Weiterlesen »
GBP/USD holds steady near mid-1.3500s, 100-DMA as traders await the key NFP reportThe GBP/USD pair maintained its bid tone, around the 1.3540-50 area through the first half of the European session, albeit seemed struggling to break
Weiterlesen »
GBP/USD Forecast: British Pound Testing Top of ChannelThe GBPUSD has had a volatile couple of days over the last 48 hours, as we are testing the top of the major downtrend line and the top of a major down trending channel.
Weiterlesen »
Conagra Brands CEO says inflation won't go away even after Covid omicron wave passes'It's not quite that simple. I don't think if omicron goes away it immediately solves inflation,' Conagra Brands CEO Sean Connolly told CNBC's Jim Cramer.
Weiterlesen »
US Dollar Outlook: Back on the Offensive? USD/SGD, USD/THB, USD/IDR, USD/PHPThe US Dollar appears back on the offensive against ASEAN currencies, with USD/SGD, USD/THB, USD/IDR and USD/PHP facing their next key levels of resistance to start 2022.
Weiterlesen »