The GBP/USD pair struggles to maintain its auction above the round-level support of 1.2700 in the London session. The Cable is expected to deliver a downside break of the aforementioned support despite narrowing the Federal Reserve (Fed)-Bank of England (BoE) policy divergence.
S&P500 futures have extended losses in Europe, portraying a severe decline in the risk appetite of the market participants. The market sentiment has turned negative as investors are worried about global growth due to higher interest rates by central banks.
Meanwhile, sheer strength in the US Dollar Index (DXY) due to the risk-off market mood has dampened sentiment for Cable. The USD Index has printed a new daily high at 103.00. In the future, preliminary US S&P data (June) will be in focus. The Manufacturing PMI is expected to show a mild increase to 48.5 vs. the prior release of 48.4. Services PMI is seen declining to 54.0 against the former release of 54.9.
The Pound Sterling has failed to gain traction despite BoE Governor Andrew Bailey hiking interest rates by 50 basis points (bps) against 25 bps as expected. United Kingdom inflation turned out extremely persistent. Core Consumer Price Index (CPI) is moving in the wrong direction as the economic indicator hit a fresh high at 7.1% despite the extremely restricted monetary policy. More rate hikes by the BoE are widely anticipated as UK Retail Sales have remained better than expected.
Monthly economic data has expanded by 0.3%, while the street anticipated a contraction by 0.2%. Annualized Retail Sales contracted by 2.1% but remained better as investors were hoping for a contraction of 2.6%.
This Post Has 72 Comments
It¦s really a cool and useful piece of info. I am satisfied that you shared this helpful information with us. Please stay us up to date like this. Thanks for sharing.
Utterly indited written content, thanks for entropy.
Thanks for the marvelous posting! I quite enjoyed reading it, you’re a great author.I will always bookmark your blog and will come back at some point. I want to encourage that you continue your great posts, have a nice holiday weekend!
Great post. I was checking continuously this blog and I’m inspired! Very helpful info particularly the closing part 🙂 I care for such information a lot. I used to be looking for this particular information for a very lengthy time. Thank you and good luck.
I really like your blog.. very nice colors & theme. Did you design this website yourself or did you hire someone to do it for you? Plz respond as I’m looking to create my own blog and would like to find out where u got this from. kudos
Perfect piece of work you have done, this website is really cool with good information.
You could certainly see your expertise in the work you write. The world hopes for more passionate writers like you who aren’t afraid to say how they believe. Always follow your heart.
Hello! I just would like to give a huge thumbs up for the great info you have here on this post. I will be coming back to your blog for more soon.
Your home is valueble for me. Thanks!…
I will immediately grab your rss feed as I can not to find your e-mail subscription hyperlink or newsletter service. Do you have any? Please let me know in order that I could subscribe. Thanks.
It’s really a great and helpful piece of information. I am glad that you shared this useful info with us. Please keep us informed like this. Thanks for sharing.
I have been absent for a while, but now I remember why I used to love this blog. Thanks, I’ll try and check back more often. How frequently you update your site?
I adore gathering utile information , this post has got me even more info! .
Hello There. I found your blog the use of msn. This is a really neatly written article. I will make sure to bookmark it and return to read more of your useful info. Thanks for the post. I’ll definitely return.
I believe this internet site has got some rattling good info for everyone. “Anger makes dull men witty, but it keeps them poor.” by Francis Bacon.
My spouse and i felt really joyous when Jordan could carry out his preliminary research through the precious recommendations he acquired while using the web pages. It is now and again perplexing to just possibly be giving for free techniques which often some others have been trying to sell. Therefore we keep in mind we’ve got the writer to appreciate for that. Those explanations you have made, the easy site navigation, the friendships you will make it possible to engender – it is all unbelievable, and it is letting our son in addition to the family consider that this situation is awesome, which is certainly especially essential. Thank you for all the pieces!
Very interesting subject, regards for posting.
of course like your web site but you need to check the spelling on several of your posts. A number of them are rife with spelling problems and I find it very bothersome to tell the truth nevertheless I will certainly come back again.
Hey very cool blog!! Man .. Beautiful .. Wonderful .. I’ll bookmark your website and take the feeds alsoKI’m happy to seek out numerous helpful info here in the submit, we need work out more strategies in this regard, thank you for sharing. . . . . .
The following time I learn a weblog, I hope that it doesnt disappoint me as much as this one. I mean, I know it was my choice to read, but I really thought youd have something attention-grabbing to say. All I hear is a bunch of whining about something that you can repair if you happen to werent too busy on the lookout for attention.
I do not even understand how I ended up right here, but I believed this publish used to be great. I don’t recognise who you might be however definitely you’re going to a famous blogger if you happen to aren’t already 😉 Cheers!
Well I truly liked studying it. This tip procured by you is very effective for proper planning.
I really like your writing style, excellent information, thanks for posting :D. “He wrapped himself in quotations- as a beggar would enfold himself in the purple of Emperors.” by Rudyard Kipling.
Hey very cool web site!! Man .. Beautiful .. Amazing .. I’ll bookmark your web site and take the feeds additionally…I am glad to find so many helpful information here in the publish, we need work out extra techniques in this regard, thank you for sharing.
I went over this website and I conceive you have a lot of good information, bookmarked (:.
Simply wish to say your article is as surprising. The clarity in your post is just excellent and i can assume you are an expert on this subject. Fine with your permission allow me to grab your feed to keep up to date with forthcoming post. Thanks a million and please carry on the rewarding work.
What is Lottery Defeater Software? Lottery Defeater Software is a plug-and-play Lottery Winning Software that is fully automated. Kenneth created the Lottery Defeater software. Every time someone plays the lottery, it increases their odds of winning by around 98.
An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!
I have not checked in here for some time since I thought it was getting boring, but the last few posts are good quality so I guess I’ll add you back to my daily bloglist. You deserve it my friend 🙂
This really answered my problem, thank you!
I enjoy the efforts you have put in this, thank you for all the great content.
Awsome site! I am loving it!! Will be back later to read some more. I am taking your feeds also.
Hi there! I just would like to give an enormous thumbs up for the good data you’ve right here on this post. I will likely be coming back to your weblog for more soon.
I think other web site proprietors should take this web site as an model, very clean and wonderful user friendly style and design, as well as the content. You’re an expert in this topic!
Hey! This is my first comment here so I just wanted to give a quick shout out and say I truly enjoy reading through your articles. Can you recommend any other blogs/websites/forums that go over the same subjects? Thank you!
I think this is one of the most important information for me. And i’m glad reading your article. But want to remark on few general things, The website style is wonderful, the articles is really great : D. Good job, cheers
Pretty great post. I simply stumbled upon your weblog and wished to say that I’ve really enjoyed surfing around your weblog posts. In any case I will be subscribing in your feed and I’m hoping you write once more soon!
What Is Sumatra Slim Belly Tonic? Sumatra Slim Belly Tonic is a weight loss supplement that targets the root cause of weight gain issues.
What Is Sumatra Slim Belly Tonic? Sumatra Slim Belly Tonic is a natural formula that supports healthy weight loss.
Thank you for the auspicious writeup. It in fact was a amusement account it. Look advanced to far added agreeable from you! However, how can we communicate?
I’ve read some good stuff here. Definitely worth bookmarking for revisiting. I wonder how much effort you put to create such a fantastic informative website.
Saved as a favorite, I really like your blog!
This is really interesting, You are a very skilled blogger. I have joined your rss feed and look forward to seeking more of your fantastic post. Also, I’ve shared your web site in my social networks!
You have brought up a very good points, regards for the post.
I like this blog very much, Its a rattling nice berth to read and receive information. “There are two ways of spreading light to be the candle or the mirror that reflects it.” by Edith Newbold Jones Wharton.
Great tremendous things here. I am very happy to peer your article. Thanks a lot and i’m having a look ahead to contact you. Will you kindly drop me a e-mail?
I am glad to be one of several visitors on this outstanding site (:, regards for putting up.
I like what you guys are up also. Such clever work and reporting! Keep up the superb works guys I have incorporated you guys to my blogroll. I think it’ll improve the value of my website 🙂
Hi, Neat post. There is an issue together with your website in internet explorer, may check thisK IE nonetheless is the market leader and a large section of folks will miss your excellent writing due to this problem.
I believe this site holds some very wonderful information for everyone. “The expert at anything was once a beginner.” by Hayes.
I have not checked in here for a while because I thought it was getting boring, but the last few posts are great quality so I guess I will add you back to my everyday bloglist. You deserve it my friend 🙂
Dentitox Pro is marketed as a natural oral health supplement designed to support dental health and hygiene.
F*ckin¦ amazing things here. I¦m very happy to see your article. Thanks a lot and i’m taking a look forward to touch you. Will you please drop me a mail?
Renew is a nutritional supplement that activates your metabolism and promotes healthy sleep.
Thanks for sharing excellent informations. Your web-site is so cool. I’m impressed by the details that you’ve on this website. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for more articles. You, my friend, ROCK! I found simply the information I already searched all over the place and simply could not come across. What a great web site.
Oh my goodness! a tremendous article dude. Thank you However I am experiencing challenge with ur rss . Don’t know why Unable to subscribe to it. Is there anyone getting equivalent rss problem? Anybody who knows kindly respond. Thnkx
Nice read, I just passed this onto a colleague who was doing some research on that. And he actually bought me lunch as I found it for him smile Therefore let me rephrase that: Thank you for lunch! “We have two ears and one mouth so that we can listen twice as much as we speak.” by Epictetus.
Yay google is my queen helped me to find this outstanding site! .
What Is Exactly ZenCortex? ZenCortex is an optimal hearing function support
It’s really a nice and useful piece of info. I am happy that you shared this useful info with us. Please keep us informed like this. Thanks for sharing.
I keep listening to the news update talk about getting free online grant applications so I have been looking around for the best site to get one. Could you advise me please, where could i find some?
There is evidently a bundle to know about this. I assume you made some nice points in features also.
I just like the valuable info you provide to your articles. I will bookmark your blog and take a look at again here regularly. I’m slightly certain I’ll be informed many new stuff proper right here! Best of luck for the following!
F*ckin’ awesome issues here. I’m very happy to peer your article. Thank you a lot and i’m looking ahead to contact you. Will you please drop me a mail?
I just couldn’t go away your web site before suggesting that I actually enjoyed the standard info an individual provide in your visitors? Is gonna be back often to investigate cross-check new posts.
I’m curious to find out what blog system you’re working with? I’m experiencing some minor security issues with my latest website and I’d like to find something more safe. Do you have any solutions?
Thank you for the sensible critique. Me and my neighbor were just preparing to do a little research on this. We got a grab a book from our local library but I think I learned more clear from this post. I am very glad to see such wonderful information being shared freely out there.
Howdy! I could have sworn I’ve been to this blog before but after reading through some of the post I realized it’s new to me. Anyways, I’m definitely delighted I found it and I’ll be book-marking and checking back often!
This site is mostly a stroll-by way of for the entire data you wished about this and didn’t know who to ask. Glimpse here, and you’ll positively discover it.
I’m not that much of a online reader to be honest but your blogs really nice, keep it up! I’ll go ahead and bookmark your site to come back down the road. Cheers
Thank you for another informative website. Where else could I get that kind of information written in such a perfect way? I’ve a project that I am just now working on, and I’ve been on the look out for such information.
F*ckin’ amazing issues here. I’m very satisfied to look your post. Thank you a lot and i am looking forward to touch you. Will you please drop me a mail?