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GBP jostled by sentiment, headline risks - Scotiabank
Breaking news
GBP jostled by sentiment, headline risks - Scotiabank
New
2025.04.23 23:30
2025.04.23 23:30
2025.04.23 23:30
The Pound Sterling (GBP) weakens and enters Wednesday's American session with a modest decline, trading in tandem with the Euro (EUR), around the Trump trade/Fed headlines, Scotiabank's Chief FX Strategist Shaun Osborne notes.
UK PMIs generally weaker
"The UK's PMI releases were generally less constructive, with significantly weaker (though as expected, at 44) Manufacturing PMI and disappointing sub-50 Services PMI. BoE Gov. Bailey will speak in Washington at 1:15pm and his comments will be closely scrutinized to see if they follow recent MPC comments about the disinflationary impact of US tariffs."
"We look for near-term consolidation around 1.33 and note the fact that GBPUSD's most recent highs were not confirmed by the RSI, offering negative divergence in momentum. We look to near-term support between 1.3220 and 1.3250 and resistance between 1.3400 and 1.3420."
Last updated
: 2025.04.23
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Mexican Peso holds ground ahead of Banxico, Fed Powell's remarks
The Mexican Peso (MXN) holds steady against the US Dollar (USD) on Thursday as markets brace for a pivotal session driven by monetary policy developments in both Mexico and the United States.
New
2025.05.15 21:14EUR quietly trading around 1.12 - Scotiabank
Euro (EUR) is entering Thursday's NA session with a modest 0.2% gain vs. the USD, showing losses vs. the havens while strengthening vs. the likes of AUD and NOK in a market that is trading on the disinflationary impact of a US/Iran deal, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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2025.05.15 20:58CAD vulnerable to double blow of wider spreads and lower oil prices - Scotiabank
The CAD is entering Thursday's NA session flat vs. the USD but trading somewhat defensively, reflecting the burden of lower oil prices amid the prospect of a possible US/Iran deal, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.05.15 20:57G10 FX trades risk off on prospect of US/Iran deal & lower Oil prices - Scotiabank
Risk aversion is dominating as we head into Thursday's NA session with a distribution of relative currency performance that is seeing notable strength from the havens Swiss Franc (CHF) and Japanese Yen (JPY) and weakness from the growth-sensitive commodity currencies NOK, NZD, and AUD.
New
2025.05.15 20:55US Dollar steadies ahead of US economic data, Fed Powell's speech
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is catching its breath and trades slightly lower just below the 101.00 level at the time of writing on Thursday, ahead of a chunky United States (US) economic calendar.
New
2025.05.15 20:55USD/JPY Price Forecast: Extends losing streak for third trading day
The USD/JPY pair extends its losing spree for the third trading day on Thursday.
New
2025.05.15 20:09USD/JPY is under pressure from US/South Korea talks - OCBC
USD/JPY continued to trade lower. Pair was last at 145.91 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New
2025.05.15 19:43AUD/USD edges lower despite strong Australia jobs report
The Australian Dollar (AUD) edges lower, retreating to near 0.6400 against the US Dollar (USD) at the time of writing on Thursday, erasing early Asian session gains following a stellar Australian jobs report.
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2025.05.15 19:42USD/CNH: The support at 7.1700 is back in sight - UOB Group
Further sideways trading seems likely; firmer underlying tone suggests a higher range of 7.1950/7.2200. In the longer run, renewed downward momentum suggests 7.1700 is back in sight, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.05.15 19:38Gold: Continues to trade with heavy bias - OCBC
Gold has continued to trade with a heavy bias as tariff de-escalation momentum gained pace, while Fed cut expectations was scaled back in terms of the timing of next cut and quantum. Gold was last at 3174.52 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
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2025.05.15 19:34Disclaimer:
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