FCA and BoE said they are planning to move the default interest-rate benchmark for swap market from LIBOR to SONIA by 27 October 2020.
The GBP has been pressured from a weak data point of view and this has stoked market expectations of a BoE interest rates cut by the end of this month.
When you pair a ‘strong currency’ against a ‘weak one’. In doing this you are stacking the odds in your favor of your trade going in your desired direction.
The US and China will sign the first phase of a trade deal that will include roughly $200 billion in Chinese purchases of American goods and services.
The GBPJPY cross failed to capitalize on the recent recovery move beyond the key 1.3000 psychological mark and is now set for further weakness.
The rumors that the UK would stay in the customs union after Brexit has triggered a strong rebound in the Pound earlier today. How is the UK currency trading at the moment? This 17 May Sterling Trading Outlook summarizes the findings of Analysts at ADS Securities.
For 6th consecutive months in a row, Australia RBA Rate Decision Market Impact Analysis shows that the RBA Cash Rate has been maintained again at 1.50%.