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GBP/CHF breaks out ahead of UK data
Thanks to ongoing risk-on sentiment in the markets, the safe haven Swiss franc has fallen out of favour against several major currencies. Even the British pound is performing better than the Swissy, despite the delay in Brexit which has further increased near-term uncertainty.
GBP Implied Volatility Spikes Ahead Of Meaningful Vote
Although Theresa May has secured ‘legally binding’ assurances from the EU ahead of today’s meaningful vote, implied volatility isn’t suggesting it will be a pleasant session.
GBP/CHF Coiling Below Key Resistance Zone Ahead of BOE on Thursday
With most Asian markets on holiday for the Lunar New Year celebration, Aussie traders on the sideline ahead of tonight’s monetary policy decision, and many US traders out of the office for the informal post-Super-Bowl-Monday-“Holiday,” we’ve seen a predictably slow start to this week’s trade in the FX market.
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Could CPI Rescue POUND-ed Brexit-hit Sterling?
The GBP/USD broke down earlier on the back of a slightly disappointing UK wages data and after reports emerged that Prime Minister Theresa May could lose an important parliamentary vote on Brexit.
Pound recovers ahead of busy next week
Yesterday morning the pound fell on headlines that Russia was going to retaliate and expel British diplomats.
GBP/CHF could surge higher in 2018
Among the major currencies, one of the potential winners in 2018 could be the British pound.
GBP/CHF one to watch ahead of BoE, SNB
After the UK’s Consumer Price Index inflation data for August came out higher than expected on Tuesday, speculation that the Bank of England would be taking on a more hawkish stance during Thursday’s monetary policy decision boosted the British pound dramatically against other currencies. On Wednesday, however, the UK’s average earnings index (3-month average ending in July, compared to the same period a year earlier) fell short of expectations at 2.1% against a prior consensus forecast of 2.3%. This put somewhat of a damper on the hawkish BoE thesis, prompting the pound to pare some of Tuesday’s gains. Despite the lower-than-expected wage growth, however, other aspects of the jobs data beat expectations, including another multi-decade low in the UK unemployment rate and a surprise decrease in unemployment claims for August.
Would BOE derail or accelerate GBP rally?
The immediate focus will be on UK fundamentals and the Bank of England’s meeting tomorrow.
GBP in focus as Carney hints at possible BoE rate hike
Another day in Europe is coming to an end, and those who like volatility were not left disappointed with the euro and pound making sharp moves as speculators responded to fresh rumours and comments from central bank officials.
GBP/CHF: Brexit concerns overshadow surprise jump in manufacturing output
The pound was struggling on Wednesday morning to add to the gains made Tuesday when fresh polls showed support for remain was narrowly ahead of the exit camp, contradicting surveys released on Monday and at the weekend which had suggested the campaign for Brexit was ahead.
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