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GBP edges towards 1.2550 as BOE talks tough
The group of UK central bankers now addressing the Treasury Select Committee (TSE) has pretty much delivered what was expected here and noted earlier. They are all taking a tough line on inflation and UK monetary policy. That was sort of baked into the cake, but the Pound has lifted all the same. The GBP/USD is pushing to session highs right now, above 1.2540 and it could extend on the current move too, but that could also depend in the EUR/GBP continuing to track lower and not rebound front the current levels. The GBP/USD is just now trading at 1.2541
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Dissecting the US data as US stock futures fall- check out the Nasdaq 100 futures right now
Following on from the previous update, noting the fall in US Q1 flash GDP at the same time as prices have risen, here is some more colour and opinion...
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US flash Q1 GDP falls and core PCE prices rise more than forecast- USD/JPY rises and falls
The very important US Q1 GDP estimate and core PCE price index have just been released. The flash estimate for Q1 GDP has shown a fall of 0.3% . That...
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US April ADP report misses estimates rising by only 62k- S+P 500 futures slip
The April US ADP private payroll report has just been released. As noted here earlier, the markets were looking for a lower number this month around...
