Created
: 2025.03.10
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GBP: Very quiet on the UK calendar - ING
Breaking news
GBP: Very quiet on the UK calendar - ING
New
2025.03.10 18:27
2025.03.10 18:27
2025.03.10 18:27
GBP/USD has been dragged higher by the fiscal re-rating of Europe, ING's FX analyst Chris Turner notes.
EUR/GBP to consolidate in the 08350/8400 area
"That has not had too much impact on the pricing of the Bank of England easing cycle this year, where the market continues to price around a further 50-60bp of rate cuts. Next big local inputs to the UK story come at the 20 March BoE meeting (no change expected) and the 26 March Spring Statement from Chancellor Rachel Reeves - which we see as a sterling negative event risk."
"Before then, we could see EUR/GBP consolidate in the 08350/8400 area. Risks look evenly skewed here to the upside with more positive developments out of Europe/ECB re-pricing or to the downside with a refocus on looming tariffs. For GBP/USD, the upside looks a little more difficult and it may struggle to breach resistance at 1.2925/3000 near term."
Last updated
: 2025.03.10
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EUR/JPY slumps to near 159.00 as Japanese Yen strengthens amid safe-haven demand
The EUR/JPY pair falls sharply to near 159.00 in European trading hours on Monday.
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2025.03.10 20:36EUR/GBP to trade at 0.81 in 12 months - Danske Bank
EUR/GBP rose sharply last week fuelled by the sell-off in European fixed income, which was triggered by the outlook of a fundamental change in fiscal spending in Germany, lending support to the broad EUR, Danske Bank's FX analysts Kristoffer Kjær Lomholt and Filip Andersson report.
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2025.03.10 20:03USD/CAD to tick down to 1.41 - Danske Bank
For CAD FX, all eyes will be on Wednesday, with the BoC meeting at 14:45 CET, where markets and consensus favour a 25bp rate cut, Danske Bank's FX analysts Kristoffer Kjær Lomholt and Filip Andersson report.
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2025.03.10 19:55USD/JPY hits the soft target of 147 - Danske Bank
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2025.03.10 19:50EU bonds underperform - Danske Bank
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2025.03.10 19:46USD/CAD trades sideways below 1.4400, BoC policy in focus
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