Remarks by BOE policymaker, Gertjan Vlieghe
– Thinks it will remain appropriate to keep current stimulus in place for several quarters at least, and probably longer
This doesn’t exactly scream much of a hawkish tilt and this just means that we’ll likely get more of the same from the BOE going into the August meeting next week.

Remarks by BOE policymaker, Gertjan Vlieghe

Reuters reports, citing senior US administration officials on the matter
As mentioned earlier in the day, don’t expect much from the talks here in Tianjin. They are merely for the optics and won’t change how things are developing between the two countries given the fact that the officials in attendance aren’t the major „generals“.

GBP/USD sees upside move stall a little so far on the day
The pair has made some good progress as price continues its rebound close to the 4 February low @ 1.3566. The low last week touched 1.3572 and since then, cable has regained solid ground despite a nudge lower on Friday.

Forex news for North American trade on July 23, 2021:
Markets:
The FX market looked like it might tilt towards risk aversion early in New York trade as 10 year Treasury yields rejected 1.31% again and drifted back to 1.28% but relentless buying in equities steadied the market and left G10 FX largely unchanged on the day.

Big earnings week next week
Companies expecting to announce include:
Other highlights for today: 
For the week, month and year to date:

Dow is above its all-time high close but below its all time intraday high
The NASDAQ and S&P are on track for record closes today.  The Dow is also above its all time high close and also just above the 35000 level.  

Net dollar value is long for the first time since the pandemic began
The chart isn’t yet updated but the net dollar value of USD longs is now +$399.69m.  That’s the first net-long USD position on aggregate since the pandemic began.

… Tesla, Boeing, Starbucks, Ford, McDonald’s, PayPal, MasterCard, etc
Next week is a huge week for earnings and the major indices are near or making new highs into the week.  Anyone and everyone (besides financials and Netflix) are on the schedule for release. 

Forex news from the European trading session – 23 July 2021
Headlines:
Markets:
– NZD leads, JPY lags on the day
– European equities higher; S&P 500 futures up 0.4%