Tag Archives: GBP

The Global Macro Pulse

Overnight Price Action All Asian equity markets have fallen following the 1.4% fall in the S&P 500 overnight and a weaker than expected HSBC China flash PMI.

USD to rebound if Chairman Bernanke can thread the needle Today’s FOMC meeting result at 18 GMT (2pm local) will be accompanied by updated economic projections and followed by an 18:30 GMT press conference.

US Morning Update

Major overnight headlines: • Japan’s Abe affirms G8 leaders “appreciate” Abenomics, no concerns over Japan’s policy at G-8, Thomson Reuters

Mid-Day FX Market Analysis

USD: The Dollar was able to bounce back from a new 4-month low and post a modest gain this morning,

BOE Minutes: MPC voted 6-3 against expanding asset purchases.

The message in Minutes from the May MPC meeting was very similar to that of previous meetings and therefore our interpretation remains the same

Minor changes to longer-term GBP forecast

We have made minor adjustments to our longer-term financial forecasts for the UK. Below we summarise our scenario and the key reasoning behind the numbers.

The Global Macro Pulse

Overnight Price Action The 0.8% rise in the S&P overnight has helped the Nikkei to rally 1.3%,

FX Daily Strategist: Europe

FOMC meeting is today’s main focus

Today’s FOMC meeting remains a key focus. We do not expect the Fed to change its policy settings at this meeting (7pm BST).

Global FX Strategy – A new paradigm?

EURUSD has of late also been supported by higher peripheral bond yields, which attracts investors to EUR assets,

US Morning Update

Major overnight headlines: • ECB’s Draghi says ECB ready to act, ECB has “numerous” policy measures at hand, Thomson Reuters

Mid-Day FX Market Analysis

USD: The Dollar is posting moderate losses this morning, although the market has survived an overnight retest of yesterday’s new low for the move.