In today’s #marketinsights video recording I analyse EURUSD, GBPUSD, and USDJPY as FX majors seem supported not only by politics but also by economic data and fresh policy sentiment.
Economic data: - German Exports delivered a positive balance (0.7% vs -0.1%) - UK's GDP reported better than expected numbers (0.3% vs 0% m/m) - US Consumer Borrowing in the US rose unexpectedly (23.3B vs 16.2B)
Politics: - UK PM fails yet again to call on a snap election
Monetary Policy: - Markets expect ECB to be less dovish