Sterling Remains Pressured as Retail Sales Round Out Weak UK Data Trio

Posted 17 January 2025

Sterling continues to trade under pressure following a week of disappointing UK economic data, with weak December retail sales completing a trio of negative reports that also included lower-than-expected GDP growth and CPI readings. The data has reinforced market expectations that BoE would ease monetary policy in 2025, as the economy struggles under the new […]

The post Sterling Remains Pressured as Retail Sales Round Out Weak UK Data Trio appeared first on Action Forex.

Cautious Trade Dominates as Dollar Holds Steady, Yen Leads, Gold Jumps

Posted 16 January 2025

Activity in the forex markets has turned relatively subdued today, with no clear trend emerging as traders shift into a cautious stance. With no top-tier economic data scheduled for the rest of the week, attention is turning to the impending inauguration of US President-elect Donald Trump next Monday. The spotlight is squarely on his anticipated […]

The post Cautious Trade Dominates as Dollar Holds Steady, Yen Leads, Gold Jumps appeared first on Action Forex.

BoJ’s Repeated Hawkish Signals Fuel Yen Rebound, Sterling Falters on Stagnant Growth Data

Posted 16 January 2025

Yen’s near term rebound gained momentum again today, supported by BOJ Governor Kazuo Ueda’s persistent messaging about a potential rate hike at next week’s policy meeting. Ueda’s repeated remarks are interpreted as laying the groundwork for markets to brace for a monetary policy shift. While recent polls as of last week indicated only a minority […]

The post BoJ’s Repeated Hawkish Signals Fuel Yen Rebound, Sterling Falters on Stagnant Growth Data appeared first on Action Forex.