The pair continues to trade at its highest in five years and barring any major risk-off shift, it may be tough for sellers to turn the tide unless we see a technical air pocket at the 116.00 level itself.
Otherwise, the dollar can take comfort from higher yields but bond traders will have to fig

The bloc is expected to stick with the status quo and keep with the planned 400k bpd increase in February. Considering how members are content with the oil price rebound after the slump in late November, I don’t see why they should change things up now.Oil is continuing to make more headway in the n

That will depend on the continuation of flows from yesterday, adding to the mix ahead of the FOMC meeting minutes release as well as the US non-farm payrolls release on Friday.

The wedge pattern certainly indicates that eventually, something’s gotta give.
And if yields are to break to the topside

Prior 67.2k
Net consumer credit £1.2 billion
Prior £0.7 billion; revised to £0.8 billion

Slight delay in the release by the source. Mortgage approvals are seen steadying as conditions start to moderate from the peak in the months before. This comes as housing market activity also ease