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Asset Summary – Monday, 2 February
Asset Summary – Monday, 2 February US DOLLAR is exhibiting resilience, holding above the 97 level on the dollar index following a significant rise. This strength is partly attributed to speculation surrounding the potential nomination of Kevin Warsh as Federal Reserve chairman, with markets anticipating a less aggressive approach to interest rate cuts and a…
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Pound Pressured by Dollar Strength, BoE Awaited – Monday, 2 February
The British Pound is facing downward pressure against the US Dollar, trading around $1.3670. This decline is influenced by a strengthening Dollar and cautious positioning ahead of the Bank of England’s (BoE) upcoming policy decision. While expectations for BoE rate cuts have decreased due to resilient UK data and high inflation, the Pound remains vulnerable…
