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GBP/JPY slips as weak UK PMI data weighs on Sterling
GBP/JPY trades in a narrow range on Tuesday with a mild downside bias, as the British Pound (GBP) weakens following weaker-than-expected UK business activity data. At the time of writing, the cross is trading near 212.50, reversing earlier gains driven by Japan’s softer inflation data.
Fxstreet
Tue, Mar 24
Bank of England's Pill says uncertainty is no excuse for inaction on inflation risks
LONDON, March 24 (Reuters) - Bank of England Chief Economist Huw Pill said on Tuesday that uncertainty about the exact economic implications of conflict in the Middle East should not be used as an excuse for inaction over inflation threats.Pill - who has previously said the BoE cut interest rates so...Reuters
Tue, Mar 24
EUR/GBP holds steady as Eurozone, UK PMI data disappoint
EUR/GBP trades around 0.8650 on Tuesday, holding steady on the day as investors digest a series of weaker-than-expected activity releases in both the Eurozone and the United Kingdom (UK), pointing to a clear slowdown in growth.
Fxstreet
Tue, Mar 24
FOREX-Dollar regains ground as investors doubt swift end to Iran war
Dollar higher on mixed signals, war continuesTrump says productive talks were held with IranIran calls Trump comments "fake news"By Jiaxing Li and Samuel Indyk LONDON, March 24 (Reuters) - The dollar regained some ground on Tuesday as investors remained doubtful the war in the Middle East...Reuters
Tue, Mar 24
Pound loses footing, business activity growth slows on Iran war hit
Pound falls as Iran denies talks with USMiddle East conflict impacts UK business activity BoE ready to act on economic risks amid conflictBy Samuel Indyk LONDON, March 24 (Reuters) - The British pound fell against the dollar on Tuesday, reversing some of its rise from the day before, as the Middl...Reuters
Tue, Mar 24
INDIA RUPEE-Rupee gets a breather, contradictory signals on Iran war keep traders cautious
By Jaspreet Kalra MUMBAI, Mar 24 (Reuters) - The Indian rupee paused a three-day run of hitting record lows to nudge higher on Tuesday as traders parsed dissonant signals emanating from Washington and Tehran about a potential resolution to the conflict in the Middle East. The rupee INR=IN nudged ...Reuters
Tue, Mar 24
FOREX-Dollar Regains Ground As Investors Remain Cautious About End To Iran War
LONDON, March 24 (Reuters) - The dollar regained some ground on Tuesday as investors remained sceptical of a swift resolution to the war in the Middle East, even though U.S. President Donald Trump delayed the bombing of Iranian power stations and energy infrastructure.Reuters
Tue, Mar 24
AUD/USD: Constructive path toward 0.75 – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong stay constructive on the Australian Dollar (AUD) despite recent risk-off pressure from higher energy prices. They highlight above-target inflation, resilient domestic activity and a more hawkish Reserve Bank of Australia (RBA) as key supports.
Fxstreet
Tue, Mar 24
CEE MARKETS-Forint pushes higher as Hungary likely to keep interest rates on hold
BUDAPEST, March 24 (Reuters) - The forint edged up in early trading on Tuesday as Hungarian central bankers were expected to keep interest rates on hold later in the day owing to chances of higher inflation amid a global energy price surge.On Tuesday, oil prices rose again as Iran denied it had talk...Reuters
Tue, Mar 24
UK borrowing costs fall for second day on Middle East de-escalation hopes
LONDON, March 24 (Reuters) - British short-term government borrowing costs fell in early trade on Tuesday after a sharper drop on Monday when U.S. President Donald Trump ordered a five-day pause on air strikes against Iranian energy infrastructure.Two-year gilt yields GB2YT=RR were down by around 9 ...Reuters
Tue, Mar 24
