Saxo Group Videos

FX Update: Sterling, EURUSD and why China chatter matters

Ken Vexler, Director of Accumen Management, updates us with his latest assessment of the most popular currency pairs: EURUSD and Cable.

Although the UK unemployment rate is back down to where it was before the 2008 crash and average earnings continue to climb, the markets don't appear to be anticipating a UK rate rise from the BOE this year, so what levels to look for in Cable?

The next ECB rate decision is due to be made public next week and Ken assesses the range to watch as the central bank wrestles with a currency that's too high for Mario Draghi's liking: https://www.tradingfloor.com/calendar

China chatter continues to overshadow growth and all important market sentiment. Ahead of more Chinese GDP and PMI data next week why it's important to be aware of Beijing's next move.

03:36 minutes
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