GBP was the one of the bigger mover this week as fear of hung parliament materialized. A swift formation of a

GBL: FoMC Next

FX Weekly by Saktiandi Supaat

FX Research

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 ...