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GBP quiet ahead of data highlights later in week - Scotiabank
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GBP quiet ahead of data highlights later in week - Scotiabank
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2025.07.09 21:08
2025.07.09 21:08
2025.07.09 21:08
The Pound Sterling (GBP) is entering Wednesday's NA session unchanged vs. the US Dollar (USD), with limited overnight movement reflecting the absence of any major data releases, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
Recent pullback has dragged momentum back to neutral
"Friday's trade and industrial production figures remain this week's domestic highlight, as they will inform BoE discussions into the August meeting--which includes a forecast update. The BoE has released its Financial Stability Report, offering headline risk but nothing material in terms of movement."
"The trend is bullish but the recent pullback has dragged momentum (RSI) back to neutral (50). We remain bullish above 1.35 and the 50 day MA (1.3486), the latter offering trend support throughout the recent rally. We see near-term support below 1.3550 and resistance above 1.3650."
Last updated
: 2025.07.09
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EUR/CHF weakens near multi-week range low as ECB flags broader global risks
The Euro (EUR) weakens against the Swiss Franc (CHF) on Wednesday, with EUR/CHF trading near the lower boundary of its multi-week range around 0.9318. The cross remains under pressure following fresh comments from European Central Bank (ECB) officials that added to the cautious mood around the Euro.
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2025.07.10 00:35EUR/GBP declines as Pound strengthens on UK-US trade deal, EU faces higher tariffs
The EUR/GBP tumbles during the North American session, down by a 0.18% as risk appetite improved due to most US equity indices registering gains as traders brace for the release of the latest Federal Reserve monetary policy meeting minutes. At the time of writing, the cross trades at 0.8622.
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2025.07.10 00:25President Trump: Our Fed rate is at least 3 points too high
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2025.07.09 23:52EUR/USD stalls ahead of Fed Minutes and major US Treasury auction
The Euro (EUR) is trading flat against the US Dollar (USD) on Wednesday as investors turn cautious ahead of key US economic events.
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2025.07.09 23:45British Pound flattens against US Dollar amid BoE warnings on global financial risks
The British Pound (GBP) flattens against the US Dollar (USD) on Wednesday, halting its three-day losing streak despite a steady Greenback as traders react to the Bank of England's (BoE) latest Financial Stability Report.
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2025.07.09 23:25Fed Minutes to offer clues on next rate cuts amid tariff turmoil
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2025.07.09 22:15EUR/JPY retreats from YTD high amid trade tensions and overbought signals
The Euro (EUR) is slipping against the Japanese Yen (JPY), easing from its recent year-to-date high of 172.28 reached on Wednesday amid fresh concerns over potential US tariffs targeting Japan.
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2025.07.09 22:13Silver Price Forecast: XAG/USD marks third daily decline, pressured by firm US Dollar
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2025.07.09 21:48JPY flat w/ overnight recovery mirroring spreads - Scotiabank
The Japanese Yen (JPY) is entering Wednesday's NA session unchanged against the US Dollar (USD) with an impressive recovery from overnight losses that seemed to primarily reflect movement in the US Treasury market, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
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2025.07.09 21:10GBP quiet ahead of data highlights later in week - Scotiabank
The Pound Sterling (GBP) is entering Wednesday's NA session unchanged vs. the US Dollar (USD), with limited overnight movement reflecting the absence of any major data releases, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
New
2025.07.09 21:07Disclaimer:
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