GBPUSD FUNDAMENTAL BACKDROP The British pound found some support on Friday with UK services data PMI as well as renewed risk appetite after better than expected Chinese PMI figures. The China re-open story has started to gain traction again allowing risk assets like the GBP to flourish. The key theme for next week remains in...Read More

The US Dollar rallied again overnight after hawkish comments from Boston Fed President Susan Collins highlighting that interest rates will need to be lifted and the extent of the rises will be data dependent. Better-than-expected jobless claims also buoyed the mood before Raphael Bostic from the Atlanta Fed tempered the celebrations by suggesting that rates...Read More

The Japanese Yen has been steady so far this week in a period where the US Dollar has broadly weakened against most G-10 peers. The lack of strength in the Yen might be reflecting the perception that the incoming Governor of the Bank of Japan (BoJ) Kazuo Ueda will maintain the ultra-loose monetary policy stance...Read More

The Australian Dollar sunk below 67 cents after 4Q quarter-on-quarter GDP came in at 0.5% rather than the 0.8% forecast and against the previous 0.7% that was revised up from 0.6%. The currency recovered later in the day on solid Chinese data. Annual GDP to the end of December was 2.7% as anticipated reveal more...Read More