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CHFJPY: Could It Make An Alpine Ascent?
France may have lifted the Jules Rimet trophy but Switzerland was also a big winner from this year’s World Cup. Data released on May 31 by the Swiss Secretariat for Economic Affairs (SECO) showed Swiss gross domestic product grew 0.6 per cent in Q1 2018 from Q4 2017, above the 0.5 per cent increase that[…]
EURGBP: Could the parliamentary break give GBP a boost?
The British Parliament is scheduled to go into summer recess on July 24 before re-convening on September 4. It remains to be seen whether that parliamentary recess will lead to fewer headlines about Brexit but there is a possibility those weeks might give the GBP some breathing space with the market more focused on UK[…]
USD: Jerome Powell On Capitol Hill
Today at 1500h UK time Federal Reserve Chief Jerome Powell will deliver his first semi-annual testimony to Congress, with markets hanging on his every word. With that in mind traders might recall that in an interview on July 12 Powell said “I sleep pretty well on the economy right now. But, you know, I think,[…]