GBP/USD down 50 pips to 1.3849 currently
The pair had a great showing on Friday, erasing the week’s losses altogether in a push to the week’s high of 1.3900 at the time. The opening levels today stuck there but there has been a steady retreat since – more so as European traders entered.

Remarks by Richmond Fed president, Thomas Barkin
A fair assessment on the balance of things by Barkin, who isn’t a voting member in the FOMC this year. He also refuses to comment on his views on rate projection in the WSJ interview, saying that it would be inconsistent with the Fed’s framework. Fair enough.

Further remarks by de Guindos
– That includes new definition of price stability
– Withdrawal of stimulus should be gradual, not premature
I reckon we are going to see a bit of a two-pronged element to the ECB meetings in the months ahead. The first being on when they will be scaling back PEPP purchases, which is to