0.75% Hike not an impossibility; Russia has begun its focused offensive on the Donbas region; Johnson to face parliament for the first time since receiving a fine for lockdown gatherings.
April 19, 2022
GBP/USD 1.3012 GBP/EUR 1.2048 EUR/USD 1.0800 USD/CAD 1.2577 EUR/CHF 1.0196 EUR/SEK 10.3317 EUR/NOK 9.5268 EUR/DKK 7.4393 USD/ILS 3.2362 AUD/USD 0.7387 NZD/USD 0.6752 USD/SGD 1.3658 USD/JPY 128.10 USD/CNH 6.3896 USD/INR 76.3075 EUR/ILS 3.4950 GBP/ILS 4.2108 USD/ZAR 14.7122
Boris Johnson is to face parliament this morning for the first time since his receipt of a fine for breaking lockdown restrictions. He has publicly apologised; however, opposition members would like the PM to face an inquiry into whether he misled parliament.
A record number of UK business leaders, 98% expect operating costs to soar this year. 78% of leaders expect inflation to be above the BoE’s target in two years’ time.
GBPUSD trades lower by -0.6%, the pair hovers above annual lows.EUR
The convergence of polling between Marcon and Le Pen has stabilised of late. The surge in polling from Le Pen has tapered, with polls currently favouring Macron, 53-46%
EURUSD trades higher by 0.16% since this morning, the pair trades near yearly lows as we print, primarily driven by Central bank policy divergence, with the narrowing French election injecting uncertainty into the euro.USD
James Bullard, St Louis Chief, has refused to rule out the possibility of a 0.75% hike, with the Fed expected to hike rates to 3.5% by year-end. He claimed that prices were far too high for comfort.
The US is aiming to re-establish its diplomatic presence in Ukraine, despite the renewed Russian offensive in the Donbas region.
The DXY trades higher by 0.06%.ASIA/PACIFIC
China continues to struggle with Covid-19 as the rest of the world prepares to live with the virus. Shanghai has reported covid deaths for the second time since the pandemic begun, in Taiwan cases hit record levels.
The RBNZ expects to raise rates over the next year, mirroring other inflation fighting central banks.ILS
USDILS trades lower by -0.06%, currently trading at 3.237.Data & Events
US – March Housing
Poland – March CPI
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