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EUR/GBP rises as traders continue to digest Bailey’s comments
EUR/GBP exchanges hands in the 0.8390s after gaining over a third of a percent on Monday as the Pound Sterling (GBP) resumes its negative trend of recent days, triggered by remarks from the Governor of the Bank of England (BoE) Andrew Bailey.Fxstreet
Oct 7, 2024
USD/CAD: Softer as firmer commodities help – Scotiabank
The Canadian Dollar (CAD) has softened against the stronger US Dollar (USD) over the past week but losses are relatively contained, leaving the CAD as the top-performing G10 currency over the past five days with a drop of a little under 0.5% (versus a 3% drop for the JPY and NZD and a 1.8% decline in the AUD), Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Fxstreet
Oct 7, 2024
GBP: Still digesting Bailey's comments – ING
Last week’s newspaper interview with Bank of England Governor Andrew Bailey – in which he opened the way to ‘a bit more aggressive’ easing – triggered a substantial unwinding of stretched GBP net longs, which amounted to 37% of open interest on 1 October, according to CFTC data, ING’s FX analyst Francesco Pesole notes.Fxstreet
Oct 7, 2024
