💸 Watch the Pound
▪️ Pound Performance: The pound reached new two-week highs against the dollar and euro at the start of a significant week but fell sharply against the yen, down 1.22% to 195 yen after peaking over 200 yen earlier. The sharp movements in yen are attributed to suspected interventions by Japanese authorities to bolster the weakening currency.
▪️ Dollar vs Pound: The pound improved modestly against the dollar, up 0.27% to $1.25275, rebounding from five-month lows. This recovery comes amid anticipations of the Bank of England cutting rates before the Federal Reserve, narrowing the interest rate gap with the U.S.
▪️ Economic Outlook Enhances: Recent economic data has bolstered the pound and the euro more than expected. Services PMI in both the Euro-zone and the UK showed significant improvement, reaching near-year highs, suggesting an end to economic stagnation.
▪️ Euro Performance: The pound also strengthened against the euro, with the exchange rate at 85.52 pence per euro, marking the strongest since April 17.
📌What Next
Stay updated on market shifts as central banks' next moves could further influence currency dynamics.
▪️ Dollar vs Pound: The pound improved modestly against the dollar, up 0.27% to $1.25275, rebounding from five-month lows. This recovery comes amid anticipations of the Bank of England cutting rates before the Federal Reserve, narrowing the interest rate gap with the U.S.
▪️ Economic Outlook Enhances: Recent economic data has bolstered the pound and the euro more than expected. Services PMI in both the Euro-zone and the UK showed significant improvement, reaching near-year highs, suggesting an end to economic stagnation.
▪️ Euro Performance: The pound also strengthened against the euro, with the exchange rate at 85.52 pence per euro, marking the strongest since April 17.
📌What Next
Stay updated on market shifts as central banks' next moves could further influence currency dynamics.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.