Oanda Senior Market Analyst Craig Erlam believes the GBP exchange rate depends on how the Brexit talks unfold and the political situation in the UK. Erlam says the US dollar is heavily sold and due for correction. He expects EUR/USD to revisit 1.10 handle. Watch the full segment as Erlam details the key technical levels on the major pairs – EUR/USD, GBP/JPY and GBP/USD. Likes: 0 Viewed: source"Pound at mercy of Brexit talks, political situation – Oanda"
A crisis that started over Qatar’s relationship with Iran and its support of the Muslim Brotherhood has taken an ugly turn this Monday morning. Saudi Arabia, Bahrain and Egypt have decided to cut their diplomatic ties with Qatar. Ronnie Chopra, Chief Market Strategist, TJM Partners says Saudi has pulled out all stops to boost oil prices ahead of the Aramco flotation. “Saudi desperately needs a higher oil price or else $2 trillion IPO would be…"Saudi desperately wants a higher oil price – Tip TV"
Talking Points: • Dollar starts to rise from the ashes after Comey testimony leaves political fears on steady level – FOMC still ahead • An unsurprisingly dovish ECB President pulled the Euro lower, putting EUR/USD at risk of reversal • Early exit polls from the UK election suggested a hung parliament, but consider the variable before jump on a Pound short source"Forex Trading Video: Dollar Rises After Comey, Euro Falls on ECB, Pound Drops After Exit Polls"
Inflation ate further into the budgets of British households last month, according to a survey of consumers, adding to signs that households will be feeling under pressure in the run-up to the June snap election planned by Prime Minister Theresa May. David Pollard reports. Source link"UK ponders pound after May's election day alert"