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All eyes on Powell at Jackson Hole
Dollar rebounds after US PMIs. Sterling’s support could fade. Euro’s momentum wanes going into Jackson Hole.
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Four Fed rate cuts fully priced in
Biggest downward payrolls revision since 2009. PMIs to further support sterling? Euro bulls may soon run out of steam.
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Pause in global risk rally
Jobs data revisions in spotlight. Pound stablising above $1.30. Euro climbs above $1.11.
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Dollar under pressure after US inflation
CPI not moving the needle. Sterling softens after UK CPI. Recovered sentiment propels euro above $1.10.
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Pound ticks higher after jobs data
Peak pound optimism? Cause for caution. Euro directionless ahead of US CPI.
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Magnifying glass over raft of data this week
New volatility catalyst. Data deluge to determine pound’s direction. Euro remains in a consolidation mode above $1.09.