ORBEX:USDJPY Up on Possible Rollbacks,GBPUSD Down on Dovish BoE!
In today’s #marketinsights video recording, I talk about the latest geopolitical and economic developments affecting #FXMajor pairs #USDJPY and #GBPUSD.
For one, US confirmed that rollbacks on previously imposed tariffs against Ciina are possible, pushing #safehavens down and #dollaryen to a fresh multimonth high!
At the #BoE meeting yesterday, #Carney re-cited #Brexit related downside risks but the board decided to hold #interestrates unchanged at 0.75%. However, this time, two policymakers voted for a cut, which suggests that one might be coming sooner than expected.
Meanwhile, the 2020 outlook for both #GDP and #inflation numbers were both downgraded.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
For one, US confirmed that rollbacks on previously imposed tariffs against Ciina are possible, pushing #safehavens down and #dollaryen to a fresh multimonth high!
At the #BoE meeting yesterday, #Carney re-cited #Brexit related downside risks but the board decided to hold #interestrates unchanged at 0.75%. However, this time, two policymakers voted for a cut, which suggests that one might be coming sooner than expected.
Meanwhile, the 2020 outlook for both #GDP and #inflation numbers were both downgraded.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
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