Forex Analysis

GBP Mid-day Analysis

Of all the currencies, the Pound looks to have the best fundamental headline flow to start the new trading week.

CZK and PLN jittery ahead of CB meetings Polish PMI returns above 50 points While the forint was barely changed on Friday,

A very busy week ahead with PMIs/ISM today, mid-term election in the US onTuesday, ECB meeting on Thursday and US non-farm on Friday.

German bond yields ended the day slightly down on Friday and the curve steepened some (10-year yield down by some half a bp),

The pair closed in NY Friday at $1.5995 after rate had managed to recover off NY session lows of $1.5943 to

The pair opened at $0.8752 this morning, slightly below the bottom of Friday’s $0.8765 to $0.8854 range after

The pair started at $1.2517 this morning after Friday’s moves saw the single currency slide to

The JPY ran into further losses this morning vs the US dollar despite the closure of Japanese markets due to a public holiday there.

RBA to leave the cash rate at 2½% tomorrow for 15th consecutive month and their updated forecasts on Friday will be little changed.

Online retail showed further encouraging signs of growth in September,

With the Reserve Bank sounding less convinced about lifting its policy cash rate any further,

As expected, the RBNZ left rates on hold last week andstruck a more dovish tone.