Forex Analysis

GBP Mid-day Analysis

While the Pound was undermined by an initial lower low for the move overnight,

Geopolitical tensions weigh on regional sentiment NBP meeting unlikely to bring a rate cut

There is just over two weeks to go before the Scottish referendum and risks remain poorly understood and inadequately priced.

After rallying in US trading, the USD has continued to climb against the yen to 105.25,

Euro-area service PMIs are due for release and focus will be on the first figure forSpain and Italy.

Bonds took a beating and curves bear-steepened yesterday on both sides of the Atlantic yesterday,

The pair started this morning at $0.9274 and held a narrow $0.9272 to $0.9284 range during the early hours of the day.

Bank of Japan (BoJ) will early tomorrow morning CET announce its decisionfrom this week’s monetary meeting.

The pair opened at $1.3133 this morning in Asia following a $1.3111 to $1.3134 range overnight.

The pair opened at $1.6615 on Tuesday and after concerns were raised that the Scottish Independent referendum showed a narrowing of the NO votes,

The pair opened at Y105.09 this morning, down from the overnight peak of Y105.21 traded during the US hours.

It is clear that the divergence in policy between the euro-zone and the US is becoming wider and