ORBEX:USDJPY Up on Possible Rollbacks,GBPUSD Down on Dovish BoE!

In today’s #marketinsights video recording, I talk about the latest geopolitical and economic developments affecting #FXMajor pairs #USDJPY and #GBPUSD.

For one, US confirmed that rollbacks on previously imposed tariffs against Ciina are possible, pushing #safehavens down and #dollaryen to a fresh multimonth high!

At the #BoE meeting yesterday, #Carney re-cited #Brexit related downside risks but the board decided to hold #interestrates unchanged at 0.75%. However, this time, two policymakers voted for a cut, which suggests that one might be coming sooner than expected.

Meanwhile, the 2020 outlook for both #GDP and #inflation numbers were both downgraded.

Stavros Tousios
Head of Investment Research
Orbex

This analysis is provided as general market commentary and does not constitute investment advice.