ORBEX: Risk Appetite Lifts Aussie, Pound Down on BOE Sings

The US Treasury Department lifted the “Currency Manipulator” tag on China, allowing risk appetite to increase further just a day before the widely anticipated trade deal is signed.

Dollar-yen and Aussie-dollar rose on the back of the news, however, the pound fell below 1.30 amid growing dovish signs from BOE.


Timestamps

USDJPY 2H 01:10
GBPUSD 2H 03:10
AUUSD 2H 03:25

Trade safe

Stavros Tousios
Head of Investment Research
Orbex

This analysis is provided as general market commentary and does not constitute investment advice