FOREX

Sterling edges lower ahead of key data

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Sterling edged lower on Monday at the start of a data-heavy week in which investors will scan inflation prints from the UK and the U.S. to make bets on the pace of further interest rate hikes. UK inflation likely eased further in January to 10.2% […]

FOREX

GBPUSD now faces some consolidation near term – UOB

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In light of the recent price action, GBPUSD could now attempt some consolidation in the short term, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Key Quotes 24-hour view: “We highlighted yesterday that GBP ‘is unlikely to strengthen further’ and we […]

FOREX

Euro Edges Lower Against Dollar Ahead of Key Fed Decision

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      The euro edged lower against the dollar on Monday, as investors weighed the potential size of an expected Federal Reserve interest rate rise later this week. As of 03:13 EST (0713 GMT), the EUR/USD was trading down 0.15% at $1.0194, falling back slightly from a recovery […]