GBP Gains against Euro and Dollar

GBP Gains against Euro and Dollar

Last week took an unexpected turn when U.S CPI came in slightly lower than expected at 6.3% (Expected at 6.5%), we instantly saw the market breathe a big sigh of relief as stocks and risk assets went up- as I have mentioned before, GBPUSD is a risk currency pair so...
Bank of England sends Sterling lower.

Bank of England sends Sterling lower.

Last week was full of Central Bank announcements with the Fed raising rates by 75bps and the Bank of England following suit on Thursday. As always, what matters more than the actual rate decisions themselves is the commentary around it- the Fed seems to have signaled...