Government borrowing data revealed a larger than forecast GBP10.7bn net public sector borrowing in February, Scotiabank’s Chief FX Strategist Shaun Osborne notes. Gilts weaker on…
Markets are settling into ranges as investors curb risk-taking ahead of the FOMC. Stocks are trading narrowly after yesterday’s US market declines. Bonds are a…
The Canadian Dollar (CAD) rebound petered out below 1.43 yesterday. A slightly firmer USD ahead of the Fed has added to the lift in funds…
Pound Sterling (GBP) is softer on the session, in line with its G10 peers, Scotiabank’s Chief FX Strategist Shaun Osborne notes. Short-term price patterns may…
Spot has drifted a little lower through the overnight session after failing to progress through the mid-1.09s. Intraday volatility may have been accentuated by the…
Spot moved nicely lower yesterday as the US Dollar (USD) tone stayed soft, the White House stayed relatively quiet in tariffs and stocks picked up…
Germany’s ZEW investor confidence survey had a serious glow up in the wake of the German government’s plans to boost infrastructure and defense spending significantly.…
Pound Sterling (GBP) retains a firm tone versus the USD, reaching the 1.30 level for the first time since November before drifting back slightly, Scotiabank’s…
The US Dollar (USD) retains a soft undertone though movement in the major currencies is limited overall as the DXY tests last week’s 103.2 low.…
The Euro (EUR) traded narrowly for most of the overnight session before rallying from the upper 1.08s to retest Friday’s intraday high in the low…