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Pound Sterling falls sharply after BoE Taylor’s dovish remarks
The Pound Sterling faces selling pressure against its major currency peers during the European trading session on Monday after dovish comments on interest rates from Bank of England’s (BoE) Monetary Policy Committee (MPC) member Alan Taylor in a fireside chat at Deutsche Bank in London.
Fxstreet
Mon, Feb 23
GBP: Political risk tempers data-driven support – OCBC
OCBC’s Sim Moh Siong argues that sticky UK inflation and firmer activity data have limited dovish repricing of the Bank of England and cushioned the Pound. However, the 26 February by-election is seen keeping GBP volatility elevated in the near term.EUR/USD trims intraday gains; holds above 1.1800 as German IFO survey fails to inspire
The EUR/USD pair trims a part of its intraday gains, though it manages to hold above the 1.1800 mark through the first half of the European session on Monday and moves little following the release of the IFO institute's business survey for February.Fxstreet
Mon, Feb 23
EUR/JPY Price Forecast: Tests 50-day EMA barrier near 183.00
EUR/JPY remains steady after three days of gains, trading around 182.70 during the European hours on Monday. The technical analysis of the daily chart suggests a potential bullish reversal as the currency cross is positioned slightly above the upper boundary of the descending channel pattern.Fxstreet
Mon, Feb 23
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