Ian Morley – Page 37 – Total Currency Exchange

The pound is steady but may struggle to extend gains as BoE rate cut expectations rise.

Markets remain highly reactive to US trade policy developments, with dollar weakness prevailing amid growing fears of recession.

Markets are off to a cautious start to the week, with currencies trading in tight ranges after last week’s volatility.

Stronger UK retail data has provided a boost to the pound, though gains have been capped by trade-related uncertainty.

While the pound and euro saw brief gains, disappointing UK data and cautious central bank expectations continue to shape sentiment.

The pound has gained ground, especially against the euro, although upcoming PMI figures will be key.

1 … 36 37 38 … 90

Author: Ian Morley