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Pound firms before focus shifts to US inflation
Light positioning before crucial CPI report. Pound boosted by cabinet shuffle and wage data. EUR on defence awaits next catalyst.
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Uncertainties continue to shape the market environment
Failed auction, hawkish Powell and a cyberattack. UK economy defies contraction expectations. Weak Chinese data renews stimulus hopes.
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Eyes on Treasury auctions as yields slide
US debt auctions matter again. Bailey’s efforts to rescue Sterling fall short. Euro in wait-and-see mode.
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Fed fights back
Retreatment of yields noted by the Fed. BoE rate cut bets weigh on pound. Disappointing German data hurts euro.
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Japanese intervention, US Treasury and Fed in spotlight
Yen languishes under intervention cloud. Dollar steady before expected Fed hold. Cheerful US data sends EUR/USD back under €1.06. Sterling’s autumn woes linger
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Policy rates have peaked but big data looms
Five questions going into the week. Macro data to drive FX this week. No hike, but “high for longer” message expected.