GBP/USD Weekly Forecast: BoE Hawks vs UK Reopening Concerns
2021-05-28 16:00:00
Justin McQueen,
Analyst
Lack of Domestic Data Turns Focus on The US
Risks That Reopening Plans Need to Wait Provide a Headwind for GBP
GBP has managed to hold onto gains stemming from BoE’s Vlieghe, who provided rather hawkish comments having discussed conditions where a rate hike in 2022 may be appropriate. The move in the Pound highlights the markets elevated sensitivity to changes in the stance from central banks (RBNZ another example). Alongside this, while Vlieghe is leaving the BoE at the end of August, the fact that he is typically more dovish relative to other MPC members may give a sense of where the rest of the member s stance lies. That said, money markets are fully pricing in a move to 0.25% by Nov 22, a further hawkish repricing may see that shift towards Q3 2022.
British Pound (GBP) Outlook: GBP/USD, FTSE 100 Power Ahead as UK Re-Opening Continues
2021-05-10 08:00:00
Nick Cawley,
Strategist
British Pound (GBP) Price Outlook
Strong local election results, vaccination data, boost interest in UK plc.
GBPUSD takes out multi-week resistance.
UK PM Boris Johnson is expected to outline further plans to re-open the UK economy later today, in a further boost to UK assets. The government made further gains in last week’s local elections, buoying the faith in PM Johnson, while Labour leader Sir Keir Starmer re-shuffled his team over the weekend as dark clouds loom over the leader of the opposition. In Scotland, the SNP kept hold of power, as expected, but just missed out on winning a majority. The First Minister of Scotland, Nicola Sturgeon, has already said that a new independence referendum is a case of ‘when not if’ but the SNP is unlikely to set out further plans until next year.
British Pound Price Forecast: Reopening Optimism to Drive GBP/USD Higher
2021-04-27 07:00:00
Daniel Moss,
Analyst
British Pound, GBP/USD, UK Reopening, Coronavirus Infections, Vaccination Rates – Talking Points:
Climbing coronavirus case numbers in several Asian nations weighed on risk appetite during APAC trade.
Reopening optimism may drive the British Pound higher against its major counterparts in the near term.
GBP/USD poised to extend gains as price remains constructively positioned above key support.
Asia-Pacific Recap
Equity markets lost ground during Asia-Pacific trade as climbing coronavirus infections in several Asian nations weighed on risk appetite. Australia’s ASX 200 (-0.22%), Japan’s Nikkei 225 (-0.31%), and China’s CSI 300 (-0.18%) all slid lower, while Hong Kong’s Hang Seng Index (0.12%) traded marginally higher.
FTSE 100 Poised to Extend Gains Despite AstraZeneca Vaccine Concerns 2021-04-08 07:00:00 Daniel Moss, Analyst
FTSE 100, AstraZeneca Vaccine, UK PMI, UK Reopening, IGCS – Talking Points:
Equity markets were buoyant during APAC trade on the back of dovish FOMC commentary.
The UK benchmark FTSE 100 index may shrug aside coronavirus vaccine concerns and push to fresh post-crisis highs in the coming days.
Asia-Pacific Recap
Equity markets followed through on a relatively positive Wall Street session overnight in Asia-Pacific trade, as the release of the FOMC’s March meeting minutes reinforced the central bank’s commitment to maintaining its accommodative monetary policy approach.
Australia’s ASX 200, China’s CSI 300, and Hong Kong’s Hang Seng Index all marched higher, while tightening virus restrictions in Tokyo weighed on Japan’s Nikkei 225. In FX markets, AUD, NZD and GBP gained ground alongsid