ORBEX: Pre-BoE GBJPY, Post-Fed USDMXN
In today's #marketinsights video recording I analyse #GBPJPY and #USDMXN!
#Pound Remains Solid:
- MPs support 3-month extension
- Monthly CPI rise not as expected, but improved
#Yen Likely to Weaken:
- BoJ held rates unchanged but acknowledged increasing risks
- Ultraloose policy to be re-examined at October meeting
#MXN Supported By Fed:
- Emerging currencies will benefit from rate differentials
- Oil is bid and likely to move higher
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
#Pound Remains Solid:
- MPs support 3-month extension
- Monthly CPI rise not as expected, but improved
#Yen Likely to Weaken:
- BoJ held rates unchanged but acknowledged increasing risks
- Ultraloose policy to be re-examined at October meeting
#MXN Supported By Fed:
- Emerging currencies will benefit from rate differentials
- Oil is bid and likely to move higher
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
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