Sound Sterling (GBP) enters Thursday's session apartment against the US dollar (USD), overtaking all G10 currencies except the euro (EUR), notes Shaun Osborne, the main FX -II FX strategist of Scotiabank.
Markets are waiting for Boe next week
“Second-level lending and money supply data were mixed while the final production PMI offered modest surprises-still controversial (Lower-50) 45.4, while improving 44.0 initial editions. The main market-moving events or publications are not planned before next Thursday's political decision.
“The Central Bank's forecast update is critical because it provides an overview of the impact of policymakers on the impact of tariffs, trade and prices. Markets evaluate the cumulative 100 -digit interest rates cut for the year.”
“This trend is bullish, considering the higher rise and higher sequence from March.
