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Risk aversion and Brexit disappointment were the themes GBP/JPY was the largest pip and percentage mover this week as it fell 2.3% in a steady slide. The pair got a double dose of political help. Last week, there was a rally in GBP on hopes for Brexit talks after a poor local election showing for
Previewing next week’s macro events in the United States, “A range of Fed speakers next week may return market attention to the Fed’s operational framework review,” TD Securities analysts said. “Among voters, Rosengren and Clarida likely will give some support to inflation “make-up” policies, while George should be a more critical voice. Barkin has yet to
The week was not great though The major European indices ended on Friday mostly with gains. The exception was the Britain’s FTSE which was marginally lower. The low to high ranges and closing level chart below does show, however, that the indices closed near the day low levels.  The US indices are also trading closer
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