Eggheads at HSBC have been busy designing a ‘Brexometer’ to tell them where we are on a gauge of ‘Hard’ to ‘Soft’ Brexit.
Pound Sterling is under the hammer at the start of the new week as foreign exchange markets resign themselves to the fact the UK is to exit the single market.
The US Dollar rose versus all major counterparts on Tuesday after data showed Manufacturing in the US in December ripped higher.
Longer-term it is hard to argue against further Dollar strength owing to Trump's policy card, however, short-term traders could be in for some welcome volatility.
After the release of lacklustre jobs data, the Pound is now the more vulnerable in the pair, and with the Fed expected to raise macroeconomic projections at their policy meeting the pair is vulnerable to more downside.
The Pound to US Dollar pair is rolling over and providing traders with the perfect selling opportunity argues the Soc Gen analyst.
The Fed meets in Washington on December 14 to discuss the setting of interest rates. To get an idea of what will happen to Dollar we look to guidance from Bank of America Merill Lynch.
GBP/USD has fallen for two straight days in a row, the question is, is this just a temporary setback or the start of a new downtrend?
GBP/USD may rise higher in the coming five days following the knock to US inflation expectations of data on Friday.
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