-
Pressure For A Breakout To Drive GBP Rates Higher
Currency markets saw narrow fluctuations, with the EUR/USD around 1.0835 early Monday. A slight dip in US bond yields buoyed equity markets and reduced dollar dominance against European currencies. However, growing skepticism around early interest rate cuts poses a risk to equity optimism, potentially unsettling currency markets and favoring a stronger dollar amid volatility. Nordea warns against too much optimism for a soft economic landing, suggesting recent data might argue against rapid monetary policy easing. With a sparse economic calendar, focus shifts to US home sales data, Wall Street trends, and central ... (full story)