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GBP/JPY under pressured as CPI missed expectations

peteryao5896 Posted 21 Aug.  in #Trader's blog
According to the ONS, the Consumer Price Index (CPI) measure of inflation was the same as previous at 2.6 and 2.4 per cent year-over-year respectively, they missed expectations for a small increase to 2.7 and 2.5 per cent.
Looking ahead, major geopolitical risks are likely to heighten rather than dissipate in the near-term, and this could mean further demand for safe heaven asset, the yen.
At the same moments, the relative dovishness of the BOE, as well as ongoing uncertainties surrounding the c…
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GBP/JPY under pressured as CPI missed expectations

peteryao5896 Posted 16 Aug.
According to the ONS, the Consumer Price Index (CPI) measure of inflation was the same as previous at 2.6 and 2.4 per cent year-over-year respectively, they missed expectations for a small increase to 2.7 and 2.5 per cent.
Looking ahead, major geopolitical risks are likely to heighten rather than dissipate in the near-term, and this could mean further demand for safe heaven asset, the yen.
At the same moments, the relative dovishness of the BOE, as well as ongoing uncertainties surrounding the c…
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Potential reason causing the recent pound selloff

peteryao5896 Posted 5 Aug.
GBP / USD closed more than 100 points lower than the previous, the lowest fell to 1.3021, further approaching 1.30 mark. Analysts pointed out that the main reason for the recent rise in sterling is the dollar is too weak. Once the dollar rebounded, the pound fear of fierce selling!
According to Reuters data, the pound fell 1.4 percent in the past two days, the biggest two-day decline since June 12.
The pound may be pushed lower to a $ 1.3 level, as the outlook for monetary policy in the UK and t…
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Potential reason causing the recent pound selloff

peteryao5896 Posted 5 Aug.
GBP / USD closed more than 100 points lower than the previous, the lowest fell to 1.3021, further approaching 1.30 mark. Analysts pointed out that the main reason for the recent rise in sterling is the dollar is too weak. Once the dollar rebounded, the pound fear of fierce selling!
According to Reuters data, the pound fell 1.4 percent in the past two days, the biggest two-day decline since June 12.
The pound may be pushed lower to a $ 1.3 level, as the outlook for monetary policy in the UK and t…
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