ORBEX:CHF Firm Despite Haven Flows,Pound "Stimulated" by Carney
BOE's Gov Carney hinted to stimulus yesterday, indicating that the pound could come under severe pressure if incoming data show no improvement.
Coincidently, the same day there were suggestions that the EU-UK talks could be dragged past the tight deadline BoJo has set.
The passenger plane crash in Tehran didn’t reflect into the markets as uncertainty about the crash remains high without access to the plane's "black box". As a result, #safehaven outflows continued to weaken the #yen.
However, #franc seems undeterred by the sentiment, making a strong case for more firmness.
Timestamps
USDCHF 4H 01:25
GBPUSD 2H 03:35
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
Coincidently, the same day there were suggestions that the EU-UK talks could be dragged past the tight deadline BoJo has set.
The passenger plane crash in Tehran didn’t reflect into the markets as uncertainty about the crash remains high without access to the plane's "black box". As a result, #safehaven outflows continued to weaken the #yen.
However, #franc seems undeterred by the sentiment, making a strong case for more firmness.
Timestamps
USDCHF 4H 01:25
GBPUSD 2H 03:35
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
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