Europe Analysis: EUR/USD, GBP/USD, EUR/GBP
EUR/USD is mixed to bearish, influenced by resistance levels and upcoming data. GBP/USD is bullish with the pound at four-month highs on positive UK data and hawkish BoE comments. EUR/GBP remains volatile, reflecting diverging economic conditions in the Eurozone and the UK.
Europe Analysis: EUR/USD, GBP/USD, EUR/GBP
Global markets anticipate key U.S. inflation data, driving stocks to record highs. The British pound surged to a four-month high on positive GDP data and hawkish BoE comments. The U.S. dollar weakened amid inflation concerns, while Fed officials reiterated the need for tight monetary policy.
FX Week Ahead Top 5 Events: August BOE Meeting & GBP/USD Rate Forecast
Spot GBPUSD trades near multi-year lows and remains firmly in the grasp of no-deal Brexit risk. Meanwhile, next week's BOE rate review could potentially shed light on further Pound Sterling weakness.
GBPUSD Drops as UK Construction Sector Collapses, Fear of Q2 Contraction
The UK economy faces rising risks as political uncertainty weighs on growth. Construction and Manufacturing PMIs experience sharp declines. Focus on Services PMI to consolidate a direction
Top 5 Events: March UK Inflation & GBPJPY Price Forecast
The March UK Consumer Price Index is due on Wednesday, April 17 at 08:30 GMT.
