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Hardy: How I'm trading a big week in USD and GBP

It's a pivotal week for both the dollar and the pound. That's according to Saxo Bank's Head of FX Strategy, John Hardy. Traders are desperately searching for clues as to when the US Federal Reserve will raise rates and the nonfarm payroll jobs numbers on Friday will be watched especially closely.

We saw wild volatility in USD pairs on Friday after the release of US labour cost figures which came in much lower than expected. John says it shows how nervous the markets are becoming.

The Bank of England governor, Mark Carney, will oversee a big change in how the central bank conducts its business this week. Thursday's policy meeting will also see the meeting minutes and economic forecasts published at the same time. A bounce in risk appetite, says John, should help sterling higher.

02:45 minutes
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