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GBP was the one of the bigger mover this week as fear of
hung parliament materialized. A swift formation of a coalition government
should help moderate the downside pressure on the GBP. Any delay will
keep GBP under pressure (next support at 1.25-1.26 levels) For next week,
there are a handful of event risks – French legislative election (Sun)
and FoMC meeting (Thu), we expect USD to firm in the lead-up. For USDJPY,
a close above 110.50/60 levels (200 DMA) could pave the way for sustained
...
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