Tag Archives: EconomicIndicator

EUR/GBP spikes to two-and-half-week high, 0.8500 mark back in sight

EUR/GBP gains traction for the second straight day and climbs to over a two-week high on Friday. The BoE’s bleak outlook offsets mostly better-than-expected UK data and undermines the GBP. Upbeat Eurozone Industrial Production figures further provide a lift to the cross in the last hour. Concerns about the energy crisis in Europe  could act… Read More »

GBP/JPY sticks to gains near daily high, holds comfortably above mid-162.00s

GBP/JPY gains some positive traction on Friday and recovers further from the weekly low. Mostly better-than-expected UK macro data benefits the British pound and offers support. The offered tone surrounding the safe-haven JPY remains supportive of the positive move. The GBP/JPY cross builds on the overnight goodish bounce from the 161.25 area, or the weekly… Read More »

US Inflation preview: Year-ago base effects to drag headline and core rates down – Scotiabank

Analysts at Scotiabank offer a sneak peek at what they expect from Wednesday’s US inflation release. Key quotes “The Cleveland Fed’s inflation ‘nowcast’ points toward inflation running a tenth or two beneath 9% y/y and it has been slightly underestimating actual CPI inflation for several months.” “Further, while some PMIs have been indicating lessening price… Read More »