Category forex

Pound Holds Near Weekly Low Against Yen

GBP/JPY trades near 218.15-218.20 region amid intervention fears The British Pound is holding above its weekly low against the Japanese Yen, currently trading around the 218.15-218.20 region. The interest rate differential between Japan and the UK is around 275 bas

EUR Gains on GBP Ahead of ECB Rate Decision

The Euro rises 0.9% against the Pound this week as UK inflation data reduces BoE rate hike expectations. The Euro extended its rally against the British Pound for a sixth day, trading near 0.8645 as markets await the European Central Bank’s monetary policy decision. The pa

US Dollar Index Weakens

Dollar index falls near 101.00 The US Dollar Index has weakened to near 101.00 in early European trading hours. The decline is attributed to improved risk sentiment. Money markets are pricing in a 33.7% probability of a rate hike from the US Federal Reserve